Seplat seeks to complete $1.3 billion ExxonMobil asset purchase deal – CEO

Nigeria’s biggest energy company by market value Seplat is upbeat it will be able to finalise talks with parties that will allow it to advance to the decisive stage of the deal to purchase ExxonMobil’s offshore shallow water business.

The acquisition is key to actualising the most ambitious move ever by Seplat, which is listed in both London and Lagos.

The deal, which has ground to a halt for nearly two years, is expected to expand Seplat’s production by as much as 186 per cent.

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