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Seplat to complete acquisition of MPNU from ExxonMobil December 12

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Seplat Energy Plc says its acquisition of Mobil Producing Nigeria Unlimited (MPNU) from ExxonMobil will be completed on December 12, with a final consideration of $800 million.

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.

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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.
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