American multinational ExxonMobil has invested over $100 million in social projects in Angola over the past 30 years, according to Katrina Fisher, ExxonMobil’s Country Manager for Angola.
Speaking in an exclusive interview with Energy Capital & Power during the fifth edition of the Angola Oil & Gas conference last week, Fisher said these investments have targeted projects in the healthcare sector and Science, technology, engineering, and mathematics (STEM)-related initiatives.
“Just this past year, we kicked off two major programs, including the Jr. NBA project connecting basketball players with STEM. The second is the STEM education contest where students from Angola, Mozambique, Nigeria and Namibia will compete in South Africa at the African Energy Week this November.”
ExxonMobil is also developing a diverse and capable female workforce in Angola, with women driving operations across offshore, onshore, engineering and management fields, added Fisher.
“We have supported women empowerment as a founding partner for the Muhatu Energy initiative, where we run a series of mentoring programs and help develop supportive policies to empower women,” said Fisher.
ExxonMobil kickstarted a frontier exploration campaign in Angola’s Namibe Basin in July 2024, as well as well launched a redevelopment program and increased production by 30% at Block 15 in recent years. Results from the exploration project are slated for release by the end of 2024.
“We are growing our mature assets as part of a re-development project aimed at meeting the growing energy needs for economic prosperity in Angola,” said Fisher.
