The Federal Government said the oil assets sales deal between Nigerian Agip Oil Company, NAOC, and Oando, Equinor Nigeria Energy Company and Project Odinmim divestments have been completed. Gbenga Komolafe, the Chief Executive of the Nigerian Upstream Petroleum Regulatory Commission, NUPRC, disclosed this at the ongoing NOG Energy Week in Abuja.
Komolafe noted that the Shell Petroleum Development Company and Renaissance sales deal is undergoing due diligence. According to him, on the ExxonMobil-SEPLAT deal, the government has received expression of interest on a commitment to apply for ministerial consent. 'For some of you who were at the panel session on Monday, the Chairman of IPPG raised issues about the need for us to give updates on the divestment programs.
Those documents are undergoing due diligence as we speak. “On the MPN – SEPLAT expression of interest on a commitment to apply for ministerial consent, we are yet to receive any as we speak.” The development comes after SEPLAT in February 2022 announced an agreement to acquire 40 per cent of ExxonMobil's assets for $1.3 billion.
Gbenga Komolafe NAOC-Oando Nigerian Govt
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