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flag Seplat Energy acquires ExxonMobil's Nigerian assets for $800M, doubling its oil production.

flag Nigerian oil and gas company Seplat Energy completed the acquisition of ExxonMobil's Nigerian onshore assets for $800 million, initially valued at $1.28 billion. flag This deal is expected to double Seplat's crude oil production to about 120,000 barrels per day, making it Nigeria's leading independent energy firm. flag The acquisition includes 11 blocks, 48 producing fields, and three export terminals, enhancing Seplat's growth and profitability while boosting the Nigerian economy.

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