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Seplat Considering Purchase Of ExxonMobil’s Nigerian Shallow Water Business

This photo shows engineers working on an energy facility. Source: Seplat
This photo shows engineers working on an energy facility. Source: Seplat

Seplat Energy, an indigenous energy company, is attempting to purchase ExxonMobil’s Nigerian shallow water business.

This was made known in a statement on Monday signed by the company’s Chief Financial Officer, Mr. Emeka Onwuka.

The purchase is to involve a yet-to-be-unidentified partner.

READ ALSO: With Focus On Non-Oil Exports, Economic Diversification Is On Course – Osinbajo

“Deliberations are ongoing and accordingly, there can be no certainty as to the outcome,” the statement said.

“A further announcement will be made as and when appropriate, in line with regulatory requirements.”

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