Seplat Moves Forward with Acquisition of ExxonMobil’s Oil Assets in Nigeria
Seplat Acquires ExxonMobil’s Assets for $1.28 Billion, Boosting Nigeria’s Oil Production Seplat Petroleum has acquired ExxonMobil’s local assets for $1.28 billion. This deal will double Seplat’s production within six months. It fills the gap left by foreign companies leaving Nigeria’s onshore oil sector. Now, Seplat controls 16% of Nigeria’s oil production. It has 11 onshore … Read more