Seplat Energy Plc,says it is in discussion with a partner to acquire ExxonMobil’s Nigerian shallow water business.
The firm disclosed this through a filing with the Nigerian Exchange Limited (NGX) on Monday, adding that it is aware of rumours and confirmed that it is indeed looking at acquire ExxonMobil’s shallow water business.
The company then cautioned the investing public that although deliberations are ongoing, the outcome is not certain.
“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,according to Emeka Onwuka, CFO Seplat Energy.
The energy giant had earlier announced plans to sell off some of its oil and gas fields in the country to focus on new developments in US shale and Guyana with analysts predicting that the energy firm might raise about $3 billion from the sale of its onshore and offshore assets.
