Federal Govt Receives Over $22bn In Taxes From EEPNL Erha Field Operations

Esso Exploration and Production Nigeria Limited (EEPNL), has said that its OML 133 Erha field has generated more than $1 billion in royalties, over $22 billion in taxes, and approximately $300 million in levies, making it one of the country’s most economically impactful deepwater developments in the last 20 years.

The company made the disclosure as it marked the 20th anniversary of first oil from the Erha Field located in OML 133, celebrating two decades of deepwater production and its significant contributions to Nigeria’s economy.

Since first production on March 27, 2006, the Erha Field has produced over 800 million barrels of oil and delivered more than 850 crude cargoes, supporting Nigeria’s oil output, foreign exchange earnings, and employment.

Chairman and managing director of EEPNL, Jagir Baxi, said the anniversary reflects the company’s long standing commitment to Nigeria’s deepwater sector.

“This anniversary is a celebration of partnership, performance, and shared national progress,” For 20 years, Erha has consistently delivered energy and enduring economic value for Nigeria, made possible through strong collaboration with government, our co venturer, and the dedication of our Nigerian workforce,” Baxi said.

He added that the project has played a vital role in building Nigerian technical capacity through training, employment, and technology transfer, helping to position Nigeria as a respected deepwater producer globally.

According to him, beyond being a production asset, Erha symbolises the resilience, innovation, and collaboration that have defined Nigeria’s deepwater energy sector for the past two decades, standing as a testament to what can be achieved through strong partnerships, technical excellence, and a shared commitment to safe and reliable operations.

Erha is operated by a 95 per cent Nigerian workforce, with over 800 of them supporting offshore operations. The field has played a central role in developing generations of Nigerian technical and operations leaders, while ensuring that the benefits of deepwater oil and gas development extend across the broader Nigerian economy.

“Erha proves that world class deepwater operations and strong Nigerian content can grow together. It is a clear example of what long term investment, stability, and certainty can deliver for the nation,” Baxi said.

Since OML 133 was awarded to EEPNL and its partners in 1993, Erha was developed in partnership with the Nigerian Government, the Nigerian National Petroleum Company Limited (NNPCL), and Shell Nigeria Exploration and Production Company (SNEPCO).