Seplat Energy allays fears of layoffs as it completes acquisition of ExxonMobil assets

Seplat Energy Plc has allayed fears of lay-off of workers as it completed the acquisition of Mobil Producing Nigeria Unlimited (MPNU) from ExxonMobil Corporation.

This was disclosed in a statement issued on Thursday and signed by the oil company’s Chief Executive Officer Roger Brown.

The acquisition will more than double Seplat’s production capacity, boosting its output to approximately 120,000 barrels of oil equivalent per day.

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