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 properties. The deal, completed in December after a two-year wait for regulatory approval, encompasses 11 oil blocks, 48 oil and gas fields, and significant infrastructure. The agreement will… Read More “Nigeria’s Seplat Plans to Increase Oil Production as International Companies Leave the Onshore Industry.
