Tag: Seplat Energy

‘Why We Did It,’ Seplat Energy Joins Extractive Industry Transparency Initiative

Ganiyu Amodu

Nigeria’s leading indigenous energy company, Seplat Energy Plc, in 2024, became a registered EITI Supporting Company, reinforcing the Company’s commitment to transparency, accountability, and global best practices. This milestone was recognized on the EITI website and across its communications platforms. As an EITI Supporting Company, Seplat Energy promotes transparency in the extractive sector while contributing to the development of international governance standards, according to a statement by the energy Company on Thursday. This affiliation enhances corporate credibility, strengthens financial standing, and fosters greater engagement with governments, industry peers, and civil…

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‘$800m Last Tranche Paid,’ Seplat Now Nigeria’s Largest Independent Energy Firm

ADEOLA YUSUF

How Mobil Producing Nigeria Unlimited (MPNU) acquisition from ExxonMobil more-than doubled production and positioning of company + The rough journey to largest: Platforms Africa chronicles how Seplat scales the hurdle Detailed guidance for the enlarged group to be published in 2025     Seplat Energy PLC has completed its acquisition of Mobil Producing Nigeria Unlimited from ExxonMobil (MPNU) with payment of $800 million. The transaction is transformative for Seplat Energy, more than doubling production and positioning the company to drive growth and profitability, whilst contributing significantly to Nigeria’s future prosperity. Platforms…

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How ESG, Regulatory Framework’s Driving Africa’s Energy Investments – Seplat

Precious Ibekwe

Environment, Social and Governance (ESG) standards and regulatory frameworks in African countries significantly shape oil and gas investments in the continent, as they influence costs, compliance requirements, and project risk profiles. Platforms Africa reports that the Chief Financial Officer, Seplat Energy, Mrs. Eleanor Adaralegbe, according to a statement, said this during a panel session at the Africa Oil Week (AOW) Conference & Exhibitions in Cape Town, South Africa. After Platforms Africa Report, Oil Ministry Director Queried, Minister Disowns Claim NNPC Has Withdrawn Challenges To $1.2Bn ExxonMobil Asset’s Acquisition – Seplat…

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EXCLUSIVE: Buhari Declines Ministerial Consent For ExxonMobil $1.6bn Assets’ Sale To Seplat

ADEOLA YUSUF

. NUPRC Confirms Platforms Africa Exclusive, writes ExxonMobil to veto deals + word-for-word content of the letter . Real reason Buhari declined Ministerial Consent, ordered all parties in the transaction to revert status quo . The NNPC right of first refusal that made the deal to hit the rock . How Platforms Africa broke news in a world-class exclusive over two months ago   Nigeria’s President Muhammadu Buhari has declined Ministerial consent for ExxonMobil’s $1.6bn assets’ sale to Seplat, Platforms Africa reports authoritatively. Buhari, the substantive minister of Petroleum Resources,…

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BREAKING: ExxonMobil Exits Nigeria’s Onshore, Sells Asset To Seplat

ADEOLA YUSUF

Details of $1.583 billion deals to acquire the entire share capital of MPNU plus contingent consideration, and how asset transfer will wait for minister’s assent   United States oil giant, ExxonMobil, has finally exited Nigeria’s onshore and shallow water operations as it sold off all its assets in the terrain. Platforms Africa reports that the asset sale, which is the first transaction after the signing of Petroleum Industry Act (PIA), was to Seplat Energy Plc. The two firms have completed the deals but will await the ministerial assent for proper…

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