Petroleum Africa
Find us on: 
Thursday, April 4, 2019
Reports out of Nigeria have US supermajor, ExxonMobil, in talks to sell off some of its assets in the country. According to a Reuters report, citing industry and banking sources, the US firm has recently held talks on the sale of a suite of oil and gas fields as it turns its focus to new developments in U.S. shale and Guyana.
The potential disposals are expected to include stakes in onshore and offshore fields and could raise up to $3 billion, two sources said.
Exxon declined to comment.
Exxon officials have held talks in recent weeks with several Nigerian companies to gauge their interest in the fields. One source in the Reuters report said that the company would soon open a data room – which would provide technical information on the fields, such as seismic and production details – in Nigeria.
" alt="Sintana to Expand Asset Base in Namibia with Acquisition">
" alt="Luanda Gives Afentra Nod for Azule Acquisition">
" alt="TotalEnergies Increases Stake in ROC’s Giant Moho Field and Sells Mature Assets">
" alt="Africa’s $824 Billion Debt Burden and Opaque Resource-Backed Loans Hinder its Potential">
" alt="African Refiners Ponder Threats to Energy Security for Africa as Transition Takes Center Stage">
" alt="Invictus Inks Gas Sales MOU to Deliver Power to Eureka Gold Mine">
" alt="Globeleq Acquires the 25 MWp Winnergy Solar PV Plant in Egypt">
" alt="Sintana Completes Well Testing at Mopane 1-X in Namibia">
