Exxon weighs sale of Nigerian oil and gas fields for up to $3 bln - Vanguard News Nigeria

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Exxon weighs sale of Nigerian oil and gas fields for up to $3 bln vanguardngr.com vanguardnews

The potential disposals are expected to include stakes in onshore and offshore fields and could raise up to $3 billion, two sources said.Exxon declined to comment.

One source said Exxon was soon due to open a “data room” – which would provide technical information on the fields, such as seismic and production details – in Nigeria. The Nigerian government has in the last decade supported a drive by domestic firms such as Oando, Seplat and privately held Aiteo to expand their operations in the country.

 

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vanguardngr ...And certain Buhari spent same amount looking for oil in the desert 🌵 🐫 🤦‍♀️🤷‍♀️

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