NNPC, MPNU sign settlement agreement for ExxonMobil-Seplat deal

The Nigerian National Petroleum Company Limited says it has signed a settlement agreement for the divestment of ExxonMobil’s stake in Mobil Producing Nigeria Unlimited According to a statement on Thursday by the national oil company, the agreement was signed with MPNU, Mobil Development Nigeria Inc., and Mobil Exploration Nigeria Inc.

“Settlement agreement between NNPC Ltd. and Mobil Producing Nigeria Unlimited, Mobil Development Nigeria Inc., and Mobil Exploration Nigeria Inc. signed regarding the proposed divestment of a 100% interest in Mobil Producing Nigeria Unlimited to Seplat Energy Offshore Limited,” NNPC said.to the ministry of state for petroleum resources and NNPC on May 28 to resolve the divestment issue delaying the Seplat and ExxonMobil deal.

Energy Energy Latest News, Energy Energy Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Seplat to raise gas production to 850 mmscf, dedicate 100% for domestic useSeplat Energy says it will ramp up its gas production capacity by an additional 390 million standard cubic feet per day (mmscfd) by year end to boost domestic output.
Source: thecableng - 🏆 2. / 80 Read more »

Seplat Energy targets $30 million yearly dividend from AGPCSeplat Energy has disclosed that it is targeting a dividend net stream of $30 million yearly from Anoh Gas Power Company Limited (AGPC).
Source: GuardianNigeria - 🏆 1. / 94 Read more »

Seplat extends timeframe to acquire Mobil Producing NigeriaSeplat Energy says it has extended the share sale and purchase agreement (SSPA) for the acquisition of ExxonMobil's share capital of Mobil
Source: thecableng - 🏆 2. / 80 Read more »