By Lucy Adautin
ExxonMobil, the American multinational oil and gas corporation, has confirmed that it has no intentions of exiting Nigeria, despite recent uncertainties.
In a statement released recently, Shane Harris, ExxonMobil’s managing director and chief executive officer, reaffirmed the company’s dedication to Nigeria during a visit to Heineken Lokpobiri, Nigeria’s minister of state for petroleum resources (oil).
In February 2022, Seplat announced a deal to acquire ExxonMobil’s 40 percent stake in Mobil Producing Nigeria Unlimited (MPNU). However, the divestment process has encountered significant delays.
During the meeting, Harris alluded to substantial new investments that ExxonMobil plans to bring to Nigeria’s energy sector. This statement was highlighted in a release by Nneamaka Okafor, spokesperson for Lokpobiri.
Harris expressed optimism about the strengthened relationship between ExxonMobil and the Nigerian government, making it clear that the corporation has no plans to withdraw from the country.
Harris said, “We are excited about the prospects these new investments bring, our partnership with the Nigerian government is crucial for sustainable growth, and we look forward to continuing our collaboration as we have no plan to leave.”
Lokpobiri praised ExxonMobil’s commitment, noting that it aligns with Nigeria’s strategic objectives.
“ExxonMobil’s planned investments are commendable and greatly appreciated. This renewed relationship is a testament to the mutual goals we share for the future of our energy sector,” Lokpobiri said.
Lokpobiri assured ExxonMobil of robust governmental support, emphasizing the importance of providing a conducive environment for both international oil companies (IOCs) and independent operators, adding that “Our collaborative efforts are key to the sustainable growth of our energy sector. We are dedicated to ramping up production and ensuring a supportive environment for all investors by doing everything possible to maintain investor confidence in our country.”
The minister underscored the need for ongoing dialogue and partnership between the government and Indicators Of Compromise (IOCs) to foster innovation and growth within the sector.
