Seplat Energy acquires Mobil Producing Nigeria for US$1.28 billion

NIGERIA – Seplat Energy Plc has announced an agreement to acquire the entire share capital of Mobil Producing Nigeria Unlimited (MPNU) from Exxon Mobil Corporation, Delaware for US$1.28 billion. The transaction is subject to customary closing conditions including Ministerial Consent and regulatory approvals from the Nigerian Upstream Petroleum Regulatory Commission. The agreement includes potential additional contingent consideration of up to…

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