ExxonMobil logo. The multinational holds 40 per cent in the partnership through MPNU and NNPC the remainder. Seplat Energy has entered into a contract with a Nigerian unit of Texas-based supermajor Exxon Mobil, to procure Mobil Producing Nigeria Unlimited’s entire oil assets in Nigeria that date back to 1961 when the American firm first got the nod to prospect for oil in the country. The transaction will hit closure once both parties complete a series of approvals with regulators including one having to do with a “ministerial consent,” Seplat said in a notification to the Nigerian Exchange Thursday morning. “The Transaction encompasses the acquisition of the entire offshore shallow water business of ExxonMobil in Nigeria,” the statement said, “which is an established, high-quality operation with a highly skilled local operating team and a track record of safe operations, producing 95 kboepd (W.I.) in 2020.” Exxon Mobil, a member of […]