Seplat to acquire ExxonMobil’s oilfields in Nigeria
Nigerian independent oil and gas company, Seplat Energy Plc
together with a partner, is in competitive discussions to acquire ExxonMobil’s
Nigerian shallow water business.
The Energy Company listed on both the London and Nigerian
Stock Exchanges disclosed this in a statement issued on the Nigerian Exchange
Limited (NGX).
It would be recalled that in October, ExxonMobil’s
President, Liam Mallon, had said the company remains “committed” to Nigeria
despite its decision to divest from the joint venture (shallow water) with the
Nigerian National Petroleum Corporation (NNPC).
The company has divested some of its assets in Africa this
year, selling an 80 per cent interest in a Ghanaian offshore block and
proposing to offload its stake in the Doba oilfield in Chad.
However, the Chief Financial Officer, Seplat Energy, Emeka
Onwuka, noted that the company was looking to acquire the asset in partnership
with an ally.
“Seplat Energy, together with a partner, is in competitive
discussions to acquire ExxonMobil’s Nigerian shallow water business.’
“Deliberations are ongoing and accordingly, there can be no
certainty as to the outcome,” the statement reads.
“A further announcement will be made as and when
appropriate, in line with regulatory requirements,” he added.
When Energy Vanguard contacted ExxonMobil’s Manager, Media
and Communications, Oge Udeagha, he said: “Thanks for checking in with us. As a
matter of practice, we don’t comment on details of commercial agreements.”
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