Seplat Energy, a Nigerian oil company listed in London, has announced intentions to increase production to 120,000 barrels per day within six months after acquiring ExxonMobil’s onshore and shallow-water assets. The purchase, completed in December following a two-year regulatory holdup, encompasses 11 oil blocks, 48 oil and gas fields, and significant infrastructure. The agreement, which… Read More “Seplat of Nigeria to Increase Oil Production as International Companies Leave the Onshore Industry”
