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Seplat Energy Plc, a leading Nigerian energy company listed on both the Nigerian Exchange and the London Stock Exchange, has said that, the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has confirmed that consent has been granted by the Minister of Petroleum Resources in Nigeria, President Bola Ahmed Tinubu, to proceed with the acquisition of the entire issued share capital of Mobil Producing Nigeria Unlimited (‘MPNU’) (“the Transaction”).
In a statement on Tuesday, Seplat Energy said it’s sincerely thanks, the President, for granting this approval, and appreciates the support and diligence of the various Ministries and regulators for all the work on this Transaction.
“Further announcements will be made as and when appropriate, in line with regulatory requirements”, it added.
Editors Note:
Seplat Energy Plc is a leading indigenous Nigerian energy company with a strategic focus on Nigeria. The company is listed on the Premium Board of the Nigerian Exchange Limited (“NGX”) (NSE:SEPLAT) and the Main Market of the London Stock Exchange (“LSE”) (LSE:SEPL).
Seplat is pursuing a Nigeria focused growth strategy and is well-positioned to participate in future divestment programmes by the international oil companies, farm-in opportunities and future licensing rounds. For further information please refer to the company
