ExxonMobil Speaks on Plans to Leave Nigeria

ExxonMobil’s Managing Director for Nigeria, Shane Harris, has confirmed that the company has no intentions of leaving Nigeria amidst rumors sparked by its proposed divestment plans.

Harris reassured stakeholders during a meeting with Senator Heineken Lokpobiri, the Minister of State for Petroleum Resources, in Abuja. He disclosed that ExxonMobil is actively pursuing new investments in Nigeria’s oil and gas sector.

“We are excited about the prospects these new investments bring,” Harris stated, emphasizing the company’s dedication to strengthening its relationship with the Nigerian government.

He highlighted the importance of their partnership for sustainable growth and emphasized that ExxonMobil remains committed to Nigeria.

In response, Minister Lokpobiri reiterated the federal government’s commitment to enhancing production and fostering a favorable environment for energy sector investors.

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He emphasized collaboration and innovation-sharing with international oil companies as essential strategies for maintaining investor confidence in Nigeria.

ExxonMobil’s announcement comes amid discussions about its proposed divestment of Mobil Producing Nigeria Unlimited to Seplat Energy Offshore Limited.