ExxonMobil Pushes Integrated Workflows To Unlock More Nigeria Deepwater Value

ExxonMobil, the American oil and gas giant, is investing in cutting-edge technology and integrated workflows to maximize the value of Nigeria's deepwater oil fields. Nathan Harts, Subsurface General Manager at ExxonMobil's Nigerian affiliate, stated this at the Technical/Business Meeting of the Nigerian Association of Petroleum Explorationists (NAPE) in Lagos.

The meeting, themed "From Seismic to Value: Leveraging Seismic Inversion & Forward Seismic Modeling in Geomodeling to Enable Field Development," focused on utilizing seismic inversion and forward seismic modeling to optimize field development.

Harts emphasized that ExxonMobil continues to employ integration, cross-discipline approaches, and advanced technologies to develop its Nigeria portfolio cost-effectively. He reiterated the company's commitment to using cutting-edge technology and integrated workflows to unlock value from current producing fields, undeveloped discoveries, and undiscovered resources.

This approach aligns with ExxonMobil's recent focus on deepwater exploration following its $1.28 billion onshore and shallow-water exit to Seplat in 2024. The company has committed $1 billion to the revitalization of the Usan deepwater field, where it holds a 30 percent stake. ExxonMobil is also working with partners to progress other deepwater assets towards final investment decision (FID) status.

Harts highlighted the importance of knowledge sharing within the industry, praising the Nigerian Association of Petroleum Explorationists (NAPE) for organizing such an event. He expressed gratitude to Michael McGlashan, the paper presenter, and the company for sponsoring the meeting, emphasizing ExxonMobil's commitment to fostering cross-industry collaboration, knowledge sharing, and professional development.