Exxon Mobil could invest as much as $21.7 billion in Trinidad and Tobago if the energy major discovers reserves in a large deepwater area it plans to explore for oil and gas. This potential investment was stated by energy minister Roodal Moonilal.
This substantial capital commitment underscores the high-stakes nature of ExxonMobil's new exploration efforts in the Caribbean country. The investment is contingent on successful exploration outcomes and the commercial viability of any discovered reserves.
The potential for such a large-scale investment highlights the long-term growth opportunities ExxonMobil is pursuing globally. It reflects the company's strategy to secure advantaged assets that can contribute significantly to its future production and earnings.
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