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Nigeria Approves Exxon Mobil's $1.3 Billion Asset Sale to Seplat After 32-Month Hiatus
Oct 21, 2024, 12:47 PM
Nigeria has approved Exxon Mobil’s sale of its oil and gas assets to domestic energy supplier Seplat, concluding a $1.3 billion transaction that had been stalled for more than two years. The regulator's approval of Seplat's non-dilutive acquisition marks the end of a 32-month hiatus.
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Markets
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Official announcements from the Nigerian government or relevant regulatory bodies
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Seplat's official financial and operational reports, industry news reports
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Stock market data from Nigerian Stock Exchange
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Shell • 25%
TotalEnergies • 25%
Chevron • 25%
Industry reports, official announcements from acquiring companies
Exploration and production • 25%
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Seplat's official statements, financial reports, industry analyses
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Niger Delta • 25%
Offshore Nigeria • 25%
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Seplat's official announcements, industry reports