Producing Nigeria Unlimited from ExxonMobil will be completed on December 12, with a final consideration of $800 million.
Seplat said the deal is fully funded from available cash and debt facilities, and no new equity issuance required. “The enlarged company has equity in 11 blocks in onshore and shallow water Nigeria, 48 producing oil & gas fields, 5 gas processing facilities, and 3 export terminals,” Seplat said.
Ireland Ireland Latest News, Ireland Ireland Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Seplat announces Nigerian govt approval for $1.3bn acquisition of MPNUSeplat Energy Plc has announced that the Nigerian government has finally given consent to its $1.3 billion acquisition of Mobil Producing Nigeria Unlimited (MPNU) assets. The oil company disclosed this in a statement released on Wednesday through its official X account.
Source: DailyPostNGR - 🏆 11. / 59 Read more »