ExxonMobil Nigerian assets sold for $1.6bn

摘要

NIGERIA-focused independent Seplat Energy has struck a deal worth up to $1.6 billion to acquire the entire share capital of Mobil Producing Nigeria Unlimited (MPNU) from ExxonMobil. The transaction is an example of how supermajors such as Shell, TotalEnergies, ExxonMobil and Chevron are jettisoning mature assets in West Africa, clearing the way for smaller players willing to invest in these offloaded oil and gas fields. Under this deal - which includes an extra contingent payment of up to $300 million - Seplat will gain control of MPNU's entire portfolio of shallow-water assets, which it holds in a joint venture with state-owned Nigerian National Petroleum Corporation.