Following industrial action by the firm’s internal workers union, Exxon Mobil Corp. in Nigeria declared force majeure on oil liftings from several terminals in the nation, the company said in a statement on Monday.
Nigeria, an OPEC member, lost its status as the continent’s top oil producer last year as a result of the exodus of businesses like Shell PLC and TotalEnergies due to widespread corruption and security concerns.
According to the company’s statement in February, Exxon has been attempting to sell $1.2 billion in shallow-water assets in “challenging” Nigeria while holding deep-water assets farther from the coast.
Michelle Gray, a spokesman, said in a statement on Monday that “We will continue to take all reasonable actions necessary to resolve the impasse as soon as possible.”
