ExxonMobil Reaffirms Commitment to Africa's Energy Future

Strategic Insights -

ExxonMobil has reaffirmed its long-standing commitment to Africa's energy future through ambitious new investments, frontier exploration, and impactful educational programs. The company will take a central role in shaping dialogue on the continent's upstream outlook, LNG development, and the transition to more inclusive energy systems. As the world's largest publicly listed, private integrated energy company, ExxonMobil continues to be a leader in the frontier exploration space and deepen its footprint in Africa through a series of forward-looking, high-impact initiatives.

Key Takeaways:

  • ExxonMobil will invest in the deepwater in Nigeria as part of a broader strategy to help increase national output.
  • The company has sustained production efforts at the Erha and Owowo fields in Nigeria, underlining its strategic focus on optimizing existing deepwater assets.
  • ExxonMobil has signed a Production Sharing Contract (PSC) extension with the Angolan National Agency of Petroleum, Gas and Biofuels (ANPG) to operate the Kizomba deepwater development in Angola's Block 15 until 2037.
  • The company has renewed its PSC for Block 17 in Angola in partnership with TotalEnergies to ensure continued production from key offshore fields.
  • ExxonMobil is making headway with the long-anticipated Rovuma LNG project in Mozambique's Area 4, which is expected to reach a final investment decision in 2026 and add 18 million tons per annum (MTPA) of LNG to market.
  • The company is investing in long-term capacity-building through the ExxonMobil Foundation's STEM Africa program, which has reached over 3,000 students in Nigeria, Namibia, Angola, and Mozambique in its first year.
  • The STEM Africa program aims to deliver immersive science, technology, engineering, and mathematics (STEM) education to students and has been recognized at the Big Five Board Awards in London.

Statistics:

  • The Rovuma LNG project aims to add 18 million tons per annum (MTPA) of LNG to market.
  • The STEM Africa program has reached over 3,000 students in its first year.
  • 96% of students who participated in the STEM Africa program expressed interest in pursuing STEM careers.
  • The Big Five Board Awards recognized the STEM Africa program with the Local Impact Award in 2025.
  • ExxonMobil has 57 years of experience in the African market. (Source: ExxonMobil website)
  • The company has a presence in 29 African countries. (Source: ExxonMobil website)

Sources:

  • ExxonMobil
  • African Energy Week: AEW: Invest in African Energies
  • NJ Ayuk, Executive Chairman of the African Energy Chamber
  • APO Group