29. November (Reuters) – Nigerias Seplat Energy (SEPLAT.LG) together with a partner in talks about the purchase of ExxonMobils (XOM.N) Shallow-water oil fields in the African nation, the company said on Monday, warning that there is no certainty about the outcome.
In the past few years, Exxon has made multi-billion dollar investments in oil and gas fields in Europe, Asia and Africa as the US energy company focuses on a handful of mega-projects at home and abroad.
The company accelerated asset divestments in Africa earlier this year by selling an 80 percent stake in a Ghanaian offshore block and proposing to divest its stake in the Doba oil field in Chad.
An Exxon representative in London did not immediately respond to a request for comment on Seplat’s announcement.
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Reporting by Sachin Ravikumar in Bengaluru; Adaptation by Vinay Dwivedi
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