NNPC Ends Suit Opposing Sale of ExxonMobil Assets to Seplat Petroleum

• NNPC withdraws legal challenge, paving way for Seplat’s $1.3 billion acquisition of ExxonMobil assets
• Deal to boost Seplat’s oil and gas reserves, positioning it as a key supplier for domestic power generation

Abuja, Nigeria – State-owned Nigerian National Petroleum Company (NNPC) Limited has formally ended its legal challenge to the sale of some ExxonMobil Corp’s Nigerian assets to Seplat Energy.