Seplat Provides Update on the Court Action brought by NNPCL

Source: www.gulfoilandgas.com 6/14/2024, Location: Africa

Seplat Energy notes the announcement on the 30 May 2024 by the Nigerian National Petroleum Company Limited ("NNPCL") regarding the Settlement Agreement between NNPCL, ExxonMobil Corporation, Delaware and Mobil Producing Nigeria Unlimited ("MPNU") and has since been notified of the termination of the court proceedings brought by NNPCL against MPNU and its affiliates over the proposed divestment of MPNU's shares to Seplat Energy Offshore Limited ("SEOL").

Seplat Energy commends the open cooperation and progress achieved by all stakeholders, and will diligently engage all key stakeholders, including the Government, in progressing towards a swift completion of the acquisition of MPNU.


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