April 16, 2019

ExxonMobil expresses commitment to investing in Nigeria

By Prince Okafor

ExxonMobil, a leading oil and gas company has expressed commitment to investing in Nigeria.

The company stated this when the Minister of State for Petroleum Resources, Dr. Emmanuel Ibe Kachikwu visited the ERHA FPSO operated by ExxonMobil Nigeria on April 13, 2019. In a statement sent to Vanguard, the Ministry of Petroleum Resources, stated that the visit was targeted at enhancing the project. It stated: “This latest round of visits to the FPSO’s is to provoke the oil production fields of Nigeria to ramp up their crude production and unlock gas in line with the gas revolution Agenda of the #7BigWins.

“He was received by Richard Laing, Executive Director and Production Manager of ExxonMobil Nigeria, while Scott Hommema, the General Manager, Deepwater Operations and Joint Interest, took him and his delegation on a tour of the FPSO.”

ExxonMobil staff

It stated that while addressing key business concerns of ExxonMobil Nigeria, Kachikwu urged them to not only focus on the profitability of the firm but also on giving back to the society having been doing business around the country for a long time. He commended the crew on behalf of the Federal Government of Nigeria for their sacrifice, urgency of attention and value addition while conveying President Muhammadu Buhari’s deep commitment to the welfare of those on the production fields.

Kachikwu name-checked the Department of Petroleum Resources’ automation initiatives that include Crude Oil and LNG Tracking (COLT), Automatic Downstream System (ADS) and Accelerated Lease Renewal Program (ALRP). He also referenced the community engagement drive of the organization evidenced by the peace and harmony seen in operating areas. The Executive Director and Production Manager of ExxonMobil Nigeria, Richard Laing, also used the opportunity to firmly debunk the unsubstantiated rumour about the Organizations exit from Nigeria. He further noted that the ERHA field is located in Oil Mining Lease (OML) 133 and ExxonMobil Nigeria holds a 56.25 percent participating interest while Shell Nigeria Exploration and Production Company (SNEPCO) holds the remaining 43.75 percent share. The Floating, Production, Storage and Offloading (FPSO) has about 2.2 million barrels of storage capacity making it one of the largest of its kind, globally.