XOM - Seplat's $1.28B Asset Deal with Exxon Gets Regulatory Boost: Report | Benzinga
Exxon Mobil Corporation‘s (NYSE:XOM) asset sale to Seplat Energy (OTC:SEPLF) could reportedly be approved in less than two weeks.
Nigeria’s oil regulator said that this would end a two-year delay since the deal was signed, reported Reuters.
In 2022, Seplat Energy inked the $1.28 billion deal with Exxon and has been waiting regulatory approval since then.
As per the report, Nigerian Upstream Petroleum Regulatory Commission (NUPRC) chief Gbenga Komolafe stated, “Subject to the outcome of the meeting, consent… could be given ...