Benzinga | Nov 29, 2021 05:15AM EST

Seplat In Talks to Buy ExxonMobil's Nigerian Shallow Water Business

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.