Federal Gov’t Approves Exxon Mobil $1.3bn Assets Divestment To Seplat …C0NTINUE READING HERE >>>
The federal government has announced the approval of ExxonMobil’s $1.28 billion divestment of its oil and gas assets to Seplat Energy, marking a significant milestone in the transaction first announced in February 2022.
The deal is expected to nearly quadruple Seplat’s oil output to over 130,000 barrels per day.
Chief executive officer of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), Gbenga Komolafe, made this known in Abuja on Monday.
Speaking during NUPRC’s third anniversary celebration and launch of Project 1MMBOPD Initiative, Komolafe said the ExxonMobil…
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