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NNPC Ends Suit Opposing Sale of ExxonMobil Assets to Seplat Petroleum

Dulue Mbachu

Dulue Mbachu, an experienced journalist, covers business and politics for Allen Dreyfus.
  • 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.

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