Exxon Mobil Corp. plans to invest $10 billion in Nigeria in exploration and production over the next five years, according to John Chaplin, ExxonMobil's managing director in Nigeria. Chaplin says the investment would be mostly in the deepwater and ultra-deepwater regions.
Chaplin spoke in Port Harcourt at the commissioning of the company's Subsea Systems Integration Test Center for its Erha oil field.
ExxonMobil is the second largest oil producer in Nigeria, after Shell. Its daily output is about 600,000 b/d.
12/09/04
