Seplat Energy is pursuing a swift conclusion to its $1.28 billion acquisition of ExxonMobil’s shallow water oil assets, it said on Friday after being notified that NNPC had halted a legal challenge to the deal. NNPC had challenged Exxon’s sale of the assets to Seplat, saying it had first right of refusal. The deal was further held up by regulatory issues. Seplat Energy commends the open cooperation and progress achieved by all stakeholders, and will diligently engage (with) all key stakeholders, including the government, in progressing towards a swift completion…
Read MoreNNPC Has Withdrawn Challenges To $1.2Bn ExxonMobil Asset’s Acquisition – Seplat
