ExxonMobil has been a cornerstone of Angola's offshore industry for more than three decades and remains one of the country's leading international operators, with interests in producing deepwater Blocks 15, 17 and 32. The company continues to support Angola's objective of maintaining production above one million barrels per day while advancing the next generation of deepwater investment.

Momentum accelerated in 2026 with the redevelopment of Block 15, where ExxonMobil awarded a major EPCI contract for the Likembe Redevelopment 2.0 Project. The subsea tie-back development is designed to restore and increase production by leveraging existing infrastructure, extending the productive life of one of Angola's most prolific offshore assets while improving capital efficiency.

The redevelopment follows the extension of the Block 15 production sharing agreement, which supports continued operations and new investment across the asset. The renewed framework paves the way for additional redevelopment activity while extending the operational life of the Kizomba A, Kizomba B, Mondo and Saxi-Batuque FPSOs. Together with an 18-well redevelopment campaign that increased production by approximately 30% and discoveries such as Bavuca South-1 and Likembe-01, the project underscores ExxonMobil's strategy of maximizing value from mature deepwater assets while pursuing production growth.

Alongside redevelopment, ExxonMobil continues to expand its long-term exploration portfolio. The company is evaluating opportunities in Angola's frontier Namibe Basin following completion of the basin's first exploration well and has continued geological studies to assess future investment potential. Company executives have reaffirmed their commitment to further investment in Angola while advanced data analysis is used to determine the basin's long-term resource potential.

ExxonMobil's participation as a Gold Sponsor reinforces AOG 2026 as the premier platform for shaping Angola's upstream future. As the country advances licensing opportunities, mature field redevelopment and frontier exploration, the conference will provide a forum for operators, government and investors to examine the partnerships, technologies and capital required to sustain long-term production growth.