ExxonMobil announced it will invest approx. US$1.5 billion in deepwater operations in Nigeria’s eastern Niger Delta (block OML 138). The investment is targeted for the period 2025-27, pending regulatory approvals and a final investment decision (FID) by Q3 2025. 

Why it matters for Anchor Offshore:

• Big upstream capital injections typically lead to increased demand for support services: fleet supply, drilling/subsea engineering, logistics.
• Nigeria is part of the West-Africa region where Anchor is focused; the trend spotlights expansion opportunities.
• Reinforces the competitive landscape; local companies must be ready to service tier-1 clients and adapt to deepwater project demands.