Finance

ExxonMobil and NNPC settle Nigeria dispute as Seplat waits to wrap up $1.6 billion acquisition

US supermajor will hand over extra stakes in blocks to state-owned player to resolve pre-emption claim

Oritsemeyiwa Eyesan, NNPC's head of upstream (centre left) and Liam Mallon, ExxonMobil's upstream president (centre) with a signed settlement agreement.
Oritsemeyiwa Eyesan, NNPC's head of upstream (centre left) and Liam Mallon, ExxonMobil's upstream president (centre) with a signed settlement agreement.Photo: NNPC
Africa CorrespondentLondon
Published 31 May 2024, 11:31Updated 31 May 2024, 11:31
ExxonMobilSeplat EnergyNNPCNigeriaUTM Offshore