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Oil & Gas
NUPRC hails ExxonMobil’s $1bn deepwater investment, awards 19 oil licences
The Punch
Jul 8, 2026 · 22:34 WAT
The Nigerian Upstream Petroleum Regulatory Commission has welcomed ExxonMobil's planned one billion dollar investment in the Usan deepwater project. This investment is projected to increase Nigeria's daily crude oil production by 40,000 barrels and revive offshore drilling activities.