Seplat Energy finalizes acquisition of Mobil Producing Nigeria Unlimited (MPNU) from ExxonMobil Corporation
Acquiring Company
Seplat Energy
Acquired Company
ExxonMobil
Lagos
SpringEnergyOil And GasRenewable EnergyWaterBiomass EnergyEnergyOil And GasRenewable EnergyDescription
Seplat Energy, a leading Nigerian energy company, has completed the acquisition of Mobil Producing Nigeria Unlimited (MPNU) from ExxonMobil Corporation. This transformative acquisition provides significant growth and profitability opportunities for Seplat Energy, with the consideration in cash amounting to $672 million, fully funded by Seplat Energy's cash and available credit facilities.
Quick answer
Seplat Energy is acquiring ExxonMobil, announced December 12, 2024. Seplat Energy is based in Lagos, Lagos State, Nigeria.
- How much did Seplat Energy pay for ExxonMobil?
- The deal value was not disclosed.
- What does Seplat Energy do?
- Seplat Energy is a leading indigenous Nigerian independent oil and gas company with a strategic focus on Nigeria, listed on the Main Market of the London Stock Exchange and Nigerian Exchange.
- Where are Seplat Energy and ExxonMobil based?
- Seplat Energy is based in Lagos, Lagos State, Nigeria. ExxonMobil is based in Spring, Texas, United States.
- Who are the decision-makers at Seplat Energy?
- Fundz holds 2 contacts at Seplat Energy. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
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Who to call at Seplat Energy, and when
When Seplat Energy changes hands, the new owners review vendors, systems and leadership. That is when the door opens.
- An alert the day Seplat Energy raises, hires an executive or expands, scored against what you sell
- The decision-makers there, with verified emails
- Who you already know at Seplat Energy, from your own LinkedIn network
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Frequently asked
Who acquired ExxonMobil?
ExxonMobil was acquired by Seplat Energy, based in Lagos. The deal was reported on December 12, 2024. Seplat Energy is a leading indigenous Nigerian independent oil and gas company with a strategic focus on Nigeria, listed on the Main Market of the London Stock Exchange and Nigerian Exchange. Seplat Energy is privately held and operates in Energy.
When did Seplat Energy acquire ExxonMobil?
Seplat Energy's acquisition of ExxonMobil was reported on December 12, 2024. Seplat Energy, a leading Nigerian energy company, has completed the acquisition of Mobil Producing Nigeria Unlimited (MPNU) from ExxonMobil Corporation. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does ExxonMobil do?
ExxonMobil, one of the largest publicly traded international energy and petrochemical companies, creates solutions that improve quality of life and meet society’s evolving needs. It is privately held, operating in Energy, and is based in Spring.
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