Nigerian leading independent company, Seplat Energy Plc registered on the Nigerian Exchange Limited and the London Stock Exchange and believes that the federal government will approve its acquisition of $1.3 billion ExxonMobil’s shallow-water assets.
However, the federal government has clarified that it wasn’t against the acquisition but it only insisted that the proper guidelines to acquire the assets should be followed accordingly.
Speaking about the purchase, the CEO of Seplat Energy plc, Roger Brown said that he has hopes that the current administration will approve the acquisition of ExxonMobil’s share capital of Mobil Producing Nigeria Unlimited (MPNU).
He said,
- We remain confident that we can conclude our transformational acquisition of MPNU. We wholly align with and support President Tinubu’s efforts to make Nigeria a more attractive place to invest, and we will play our part by delivering affordable and reliable energy that will support our nation’s growth.
He added,
- Seplat Energy’s operational performance was strong in the third quarter, particularly in September, which mitigated some of the outages experienced on third-party infrastructure and supported production growth of 11% in the same period in 2022.