Announced

Completed

Seplat Energy completed the acquisition of Mobil Producing Nigeria from ExxonMobil for $672m.

Synopsis

Seplat Energy, a Nigerian energy company, completed the acquisition of Mobil Producing Nigeria, a Nigerian offshore shallow water business of ExxonMobil, from ExxonMobil, an international petroleum and petrochemical company, for $672m. "MPNU is a perfect fit with our strategy to build a sustainable business that can deliver affordable, accessible and reliable energy for Nigeria alongside attractive returns to our shareholders," Roger Brown, Seplat Energy CEO.

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