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Major milestones achieved in Owo Deep-Water Project by December 31, 2025?
2
Resolution / Starting Odds
Initial phase completed • 25%
Mid-phase completed • 25%
Final phase completed • 25%
No significant milestones achieved • 25%
Official announcements from Exxon Mobil or Nigerian government reports
Story
Exxon Mobil Announces $10 Billion Investment in Nigeria's Owo Deep-Water Project
Sep 26, 2024, 11:29 AM
Exxon Mobil Corp has announced a proposed $10 billion investment in Nigeria's deep-water oil operations. The investment, confirmed by the Nigerian presidency, is aimed at the Owo Deep-Water Project. Vice President Kashim Shettima welcomed the proposal, highlighting it as evidence of the administration's economic reforms and investment-friendly policies. The announcement was reported by Reuters from Abuja.
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10 billion cubic meters • 25%
11 billion cubic meters • 25%
12 billion cubic meters • 25%
More than 12 billion cubic meters • 25%
New single-day depth record • 25%
New monthly depth record • 25%
Start of commercial production • 25%
New drilling project announcement • 25%
Production start • 25%
Securing new contracts • 25%
Environmental review • 25%
Political approval • 25%
Yes • 50%
No • 50%
Construction start • 25%
FID approval • 25%
First LNG shipment • 25%
Project delayed • 25%
Regulatory issues • 25%
Environmental concerns • 25%
Technical difficulties • 25%
Financial constraints • 25%
Shell • 25%
Chevron • 25%
BP • 25%
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Yes • 50%
No • 50%
Oil drilling • 25%
Gas drilling • 25%
Combined oil and gas drilling • 25%
Other • 25%