Seplat Energy has completed its acquisition of Mobil Producing Nigeria Unlimited (MPNU) from ExxonMobil for $800 million, significantly down from the initial $1.28 billion agreement.
The deal, finalised on Thursday, is expected to double Seplat’s crude oil production to approximately 120,000 barrels per day and enhance its reserves by 86 per cent to 887 million barrels of oil equivalent.
This transformative acquisition positions Seplat as Nigeria’s leading independent energy…
>
