September 28, 2022
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Nigeria's Seplat in talks to buy Exxon's local shallow-water oilfields – Reuters

  • November 30, 2021
  • 2 min read
Nigeria's Seplat in talks to buy Exxon's local shallow-water oilfields – Reuters

Signage is seen at an Exxon gas station in Brooklyn, New York City, U.S., November 23, 2021. REUTERS/Andrew Kelly
Nov 29 (Reuters) – Nigeria's Seplat Energy (SEPLAT.LG) along with a partner is in talks to buy ExxonMobil's (XOM.N) shallow-water oilfields in the African nation, the company said on Monday, cautioning there was no certainty about the outcome.
In recent years, Exxon has been exiting investments worth billions of dollars in oil and gas fields in Europe, Asia and Africa as the U.S. energy major focuses on a handful of mega projects at home and abroad.
The company has accelerated asset divestment in Africa this year, selling an 80% interest in a Ghanaian offshore block and proposing to offload its stake in the Doba oilfield in Chad.
An Exxon representative declined to comment on the talks.
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