Seplat Energy of Nigeria is in talks with a partner to buy ExxonMobil’s shallow-water oilfields in the African country, the company said on Monday, cautioning that the outcome is uncertain.
Exxon has been exiting billion-dollar investments in oil and gas fields in Europe, Asia, and Africa in recent years as the US energy giant focuses on a handful of mega projects at home and abroad.
This year, the business has expedited asset sales in Africa, selling an 80 percent ownership in a Ghanaian offshore block and planning to sell its holding in the Chadian Doba oilfield.
A request for comment on Seplat’s declaration was not immediately returned by an Exxon spokesperson in London.
