Nigeria offshore oil and gas map - cropped

Seplat faces NNPC challenge to stymie ExxonMobil assets deal

Issue 467 - 16 Aug 2022 - By Adaora Elemide , James Gavin | 4 minute read

Seplat Energy’s $1.6bn acquisition of ExxonMobil’s Nigerian shallow-water assets faces the very real prospect of being blocked after Nigerian National Petroleum Company (NNPC) won a court decision temporarily blocking the US major from selling its Mobil Producing Nigeria Unlimited assets to the ambitious London- and NGX-listed independent

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