NNPC & ExxonMobil — Mobil Producing Nigeria Unlimited
2 shared events · Importance 3 · Last updated Aug 07, 2026
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Business
NNPC: NNPC Limited is the buyer, increasing its working interest in the JV from 60% to 70%, aligning with its post-PIA commercial expansion strategy and strengthening its upstream portfolio.
ExxonMobil — Mobil Producing Nigeria Unlimited: The acquired entity (now SEPNU) whose assets are part of the JV. The sale represents about 25% of Seplat's acquisition costs for these assets.
Jul 30, 2026 · 6 articles
Business
NNPC: Planned reform and listing on the capital market announced, expected to deepen transparency and attract investment.
ExxonMobil — Mobil Producing Nigeria Unlimited: Assets acquired by Seplat Energy, part of approved upstream transactions.
Jun 17, 2025 · 46 articles
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