{"id":45651,"date":"2024-09-17T18:32:19","date_gmt":"2024-09-17T18:32:19","guid":{"rendered":"https:\/\/www.africa-press.net\/lesotho\/all-news\/exxonmobil-accelerates-african-energy-investments-and-frontier-exploration"},"modified":"2024-09-17T19:05:23","modified_gmt":"2024-09-17T19:05:23","slug":"exxonmobil-accelerates-african-energy-investments-and-frontier-exploration","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/lesotho\/all-news\/exxonmobil-accelerates-african-energy-investments-and-frontier-exploration","title":{"rendered":"ExxonMobil accelerates African energy investments and frontier exploration"},"content":{"rendered":"

Africa-Press – Lesotho. <\/strong><\/span>Leading oil-and-gas multinational ExxonMobil is progressing several energy initiatives on the African continent, consolidating its status as one of the drivers of the industry on the continent.<\/p>\n

Recent developments herald further expansions of the robust ExxonMobil upstream pipeline to strengthen energy security through reliable, affordable energy supply while achieving industry-leading emissions intensity.<\/p>\n

The latest expression of this saw ExxonMobil upstream president Liam Mallon meeting with Mozambican president Nyusi last month to confirm ExxonMobil\u2019s commitment to the $24 billion Rovuma LNG project. Mallon confirmed front-end engineering design (FEED) for the project and laid out a clear path to a final investment decision by 2026.<\/p>\n

Also in the Southern Africa region, Exxon Mobil has emerged as an exploration leader in the Namibe basin, offshore Angola, where a wildcat well has been spud and results are keenly anticipated by the entire industry.<\/p>\n

The basin extends from Angolan waters into northern Namibia, and favourable, commercially viable results could shape energy development in the region for decades to come.<\/p>\n

In Nigeria, ExxonMobil is poised to shift focus to its deepwater investments, as the sale of its shallow-water JV asset reaches finality.<\/p>\n

Nigeria\u2019s rich reserves were recently estimated at 37.5 billion barrels by the Nigerian Upstream Petroleum Regulatory Commission (NUPRC). With offshore oil reserves currently responsible for 32% of Nigeria\u2019s production, ExxonMobil \u2013 with its core deepwater engineering strengths \u2013 is perfectly positioned to drive the next development phase for Africa\u2019s largest oil reserves.<\/p>\n

ExxonMobil is looking to expand this broad engagement in the African upstream at the forthcoming AOW: Investing In African Energy event, where the company is a platinum sponsor.<\/p>\n

\u201cExxonMobil is pleased to be a platinum sponsor for AOW as they commemorate 30 years of convening the energy industry for fruitful engagements and sharing of best practices,\u201d said Richard Barke, ExxonMobil VP South Atlantic Exploration.\u201d<\/p>\n

The AOW partnership supports ExxonMobil\u2019s role as one of the engines of the African upstream. AOW brings together governments, regulators, global operators, power producers, investors and service providers for engagements to develop policy, share discoveries, secure investment, and shape Africa\u2019s energy future.<\/p>\n

Through strategic partnerships such as these, as well as its deepwater expertise, and cutting-edge exploration in frontier regions, ExxonMobil has established itself as one of the most critically relevant energy businesses in the global sector.<\/p>\n

As part of the AOW partnership, Richard Barke, ExxonMobil\u2019s Vice President of Exploration for Africa, will deliver a keynote address at the event, outlining the company\u2019s strategic vision for the region.<\/p>\n

\u201cAfrica\u2019s energy landscape presents a compelling blend of opportunity and potential,\u201d said Barke. \u201cWe see significant alignment between the continent\u2019s resources and the world\u2019s evolving energy demands.\u201d<\/p>\n

For More News And Analysis About Lesotho Follow Africa-Press<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Lesotho. Leading oil-and-gas multinational ExxonMobil is progressing several energy initiatives on the African continent, consolidating its status as one of the drivers of the industry on the continent. Recent developments herald further expansions of the robust ExxonMobil upstream pipeline to strengthen energy security through reliable, affordable energy supply while achieving industry-leading emissions intensity. […]<\/p>\n","protected":false},"author":84,"featured_media":45650,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5],"tags":[245],"class_list":["post-45651","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","tag-lesotho"],"yoast_head":"\nExxonMobil accelerates African energy investments and frontier exploration - Lesotho<\/title>\n<meta name=\"description\" content=\"Leading oil-and-gas multinational ExxonMobil is progressing several energy initiatives on the African continent, consoli ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/lesotho\/all-news\/exxonmobil-accelerates-african-energy-investments-and-frontier-exploration\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"ExxonMobil accelerates African energy investments and frontier exploration\" \/>\n<meta property=\"og:description\" content=\"Leading oil-and-gas multinational ExxonMobil is progressing several energy initiatives on the African continent, consoli ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/lesotho\/all-news\/exxonmobil-accelerates-african-energy-investments-and-frontier-exploration\" \/>\n<meta property=\"og:site_name\" content=\"Lesotho\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2024-09-17T18:32:19+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-09-17T19:05:23+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/lesotho\/sites\/62\/2024\/09\/sm_1726583396.645203.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"720\" \/>\n\t<meta property=\"og:image:height\" content=\"457\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/lesotho\/all-news\/exxonmobil-accelerates-african-energy-investments-and-frontier-exploration#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/lesotho\/all-news\/exxonmobil-accelerates-african-energy-investments-and-frontier-exploration\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/lesotho\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"ExxonMobil accelerates African energy investments and frontier exploration\",\"datePublished\":\"2024-09-17T18:32:19+00:00\",\"dateModified\":\"2024-09-17T19:05:23+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/lesotho\/all-news\/exxonmobil-accelerates-african-energy-investments-and-frontier-exploration\"},\"wordCount\":461,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/lesotho\/all-news\/exxonmobil-accelerates-african-energy-investments-and-frontier-exploration#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/lesotho\/sites\/62\/2024\/09\/sm_1726583396.645203.jpg\",\"keywords\":[\"Lesotho\"],\"articleSection\":[\"all news\",\"economy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/lesotho\/all-news\/exxonmobil-accelerates-african-energy-investments-and-frontier-exploration#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/lesotho\/all-news\/exxonmobil-accelerates-african-energy-investments-and-frontier-exploration\",\"url\":\"https:\/\/www.africa-press.net\/lesotho\/all-news\/exxonmobil-accelerates-african-energy-investments-and-frontier-exploration\",\"name\":\"ExxonMobil accelerates African energy investments and frontier exploration - 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