Komolafe noted that the Shell Petroleum Development Company and Renaissance sales deal is undergoing due diligence. According to him, on the ExxonMobil-SEPLAT deal, the government has received expression of interest on a commitment to apply for ministerial consent. 'For some of you who were at the panel session on Monday, the Chairman of IPPG raised issues about the need for us to give updates on the divestment programs.
Those documents are undergoing due diligence as we speak. “On the MPN – SEPLAT expression of interest on a commitment to apply for ministerial consent, we are yet to receive any as we speak.” The development comes after SEPLAT in February 2022 announced an agreement to acquire 40 per cent of ExxonMobil's assets for $1.3 billion.