₦airaland Forum

ceejay80s:
Wetin concern bat for the end?
I hate eye service, so without tinubu u can't move forward with ur invention?

forgiveness:
It is a welcome development. Nevertheless, the welfare of the citizenry is very critical at this moment.

The minimum wages of 30,000 naira should be replaced with pay per hour.

Nigerians are being used a slaves by their employers.

ExxonMobil has confirmed plans to invest $1.5 billion in Nigeria’s deepwater exploration and development for the next two years, starting from the second quarter of 2025, the company announced late Tuesday.

This financial commitment, which will be implemented between Q2, 2025 – 2027 focuses on revitalising production in the Usan deepwater oil field.

Shane Harris, ExxonMobil’s Managing Director in Nigeria, made this known during a courtesy visit to Gbenga Komolafe, the Commission Chief Executive of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC).

The company proposed Final Investment Decision (FID) in late Q3 2025 subject to final Field Development Plan approval as well as internal and Partner funding approvals.

This is also in addition to investment targeted at the accelerated development of the Owowo, Erha deepwater oil fields, amongst others, the company said.

According to Harris the planned capital deployment reflects ExxonMobil’s confidence in Nigeria’s upstream potential and its dedication to playing a pivotal role in the sector’s growth.

“This move counters speculation about ExxonMobil’s potential withdrawal from Nigeria, instead underscoring a strategic expansion and strengthening of its operational footprint in the country.

Harris also voiced ExxonMobil’s support for the NUPRC’s “Project 1 Million Barrels” initiative, which aims to increase Nigeria’s crude oil production to 2.4 million barrels per day in the medium term.

On his part, Komolafe welcomed the announcement, reaffirming the NUPRC’s role as a business enabler and pledging regulatory support to facilitate ExxonMobil’s operations. He highlighted the importance of sustained collaboration between regulators and investors to meet Nigeria’s production and energy security goals.

Discussions during the visit also addressed compliance with the Domestic Crude Supply Obligation and the need for transparent pricing and accountability in the sector.

“The Commission is committed to the implementation of Section 109 of the PIA which addresses the subject of willing buyer, willing seller and we urge producers to comply,” the upstream regulator stated.

PresidObi:
These people and lie lie news are siamese twins. Tufiakwa.

Tomorrow they will tell us the whole gold in the cbn has increased by 200 mega tonnes, and yet hunger is killing people everywhere.

danijesus:
Fake news

A Nigerian, Oluwatobi Oyinlola, has just developed the world’s smallest GPS Tracking Device prototype measuring 22.93 X 11.92mm with endless possibilities for use in various industries, and spheres of life.

Congratulations, Oluwatobi, on this feat. You have just shown the world that Nigerian youth can!

~ PBAT

adekolaelect:
Good development . Children of hate will avoid to comment on this .

helinues:


Ijaya baami

Freebills12:
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Plz what and what is he doing that Otti has not done? Otti is just two years in office but I will still compare him Seyi that has stayed 6 years.

helinues:
Smiles

Freebills12:
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Just one task for you - go to Aba and say Otti is not doing well.
You decided to read the areas you want. He has been paying minimum wage but from the report of NUC environmental health were not covered which may be mistake. He has promised to look into it. Other good things he is doing you are blind to them.

“I’m not God to say that I will remain in LP or leave LP. As we speak, the objective conditions today do not make it for me to leave LP. Tomorrow anything can change. If I’m going to take any decision, it will be made in full consultation with the Abia people.” -Gov Otti of Abia pic.twitter.com/CRRuww9w3r

— Imran Muhammad (@Imranmuhdz) May 2, 2025

omoredia:
Not yet time. Because he is working doesn't mean that he will do everything at once

Okortor:
Working so hard to get ur 30k stipend...I understand ur plight..