| ExxonMobil’s upstream affiliate in Equatorial Guinea, Mobil Equatorial Guinea Inc. (MEGI), is the largest oil producer in the country. MEGI operates Block B, located offshore northwest of Bioko Island, in partnership with GEPetrol (23.75%) and Equatorial Guinea state (5%). The company’s headquarters and main offices are located in Malabo. |
ExxonMobil has two upstream affiliates operating in Nigeria: Mobil Producing Nigeria Unlimited (MPN); Esso Exploration and Production Nigeria Ltd.. In Nov. 2016, Exxon Mobil Corp. reported its deepwater discovery in Owowo field offshore Nigeria.
ExxonMobil holds 27% interest and is the operator for OPL 223 and OML 139, with the Joint venture partners include Chevron Nigeria Deepwater G Ltd. (27%), Total E&P Nigeria Ltd. (18%), Nexen Petroleum Deepwater Nigeria Ltd. (18%), and the Nigeria Petroleum Development Co. Ltd. (10%). |
ExxonMobil has an upstream business presence in Angola, and at year-end 2012, the affiliated companies in Angola had interests in three deepwater blocks covering more than 3 million acres (gross). ExxonMobil, its coventurers and Angola’s national oil company Sonangol have announced 44 discoveries in Angola, representing a recoverable resource potential of about 12.4 billion barrels (gross). |
The largest ExxonMobil - operated oil development project in continental Africa is being constructed in Chad and Cameroon. The US $3.5 billion project unlocking one billion barrels of oil in Chad, has raised the hope for significant economic growth in the country. |
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