Seplat Energy, a leading Nigerian energy company listed on the Nigerian Exchange and the London Stock Exchange, has announced that it is in competitive discussion to acquire ExxonMobil’s Nigerian shallow-water oil assets.
In a statement to Nigeria’s Stock Exchange (NSE), the oil firm said “deliberations are ongoing and accordingly, there can be no certainty as to the outcome.”
Seplat Energy said it is pursuing a Nigeria-focused growth strategy and is well positioned to participate in future asset divestments by international oil companies, farm-in opportunities, and future licensing rounds.
The Company said it is a leading supplier of gas to the domestic power generation market.
The statement signed by Mr. Emeka Onwuka,
Chief Financial Officer read:
“Seplat Energy Plc, a leading Nigerian energy company listed on the Nigerian Exchange and the London Stock Exchange, notes the recent press speculation and confirms that Seplat Energy, together with a partner, is in competitive discussions to acquire ExxonMobil’s Nigerian shallow water business.
” Deliberations are ongoing and accordingly, there can be no certainty as to the outcome.
A further announcement will be made as and when appropriate, in line with regulatory requirements.
The person responsible for arranging the release of this announcement on behalf of Seplat Energy is Emeka Onwuka, CFO Seplat Energy. “
ExxonMobil has been inviting bids for disposal of its assets and surplus materials, according to information on its website.