The Nigerian government has received approximately $23 billion from the ERHA deepwater operations, according to ExxonMobil. Jagir Baxi, managing director and chairman of ExxonMobil affiliates in Nigeria, disclosed the figure while highlighting the project's overall economic contribution. He stated that the ERHA deepwater project has generated more than $70 billion in value over the past two decades. A significant portion of that value has come from oil production, with the project yielding over 800 million barrels of crude. The operations are located in Nigeria's deepwater region and have remained a key component of the country's upstream petroleum sector. Baxi emphasized the long-term partnership between ExxonMobil and Nigeria, noting sustained investment and production levels despite industry challenges. The $23 billion represents government take from the project, including taxes, royalties and other fiscal payments. ExxonMobil continues to operate in several deepwater blocks under production sharing agreements with the Nigerian state.

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