ExxonMobil considers sale of oil stakes in Nigeria
April 2, 2019
9:50 pm
Exxon Mobil may sell a suite of oil and gas fields it holds in Nigeria, and has commenced talks on the sales as it focuses on new developments in United Statesβ. shale and Guyana, industry and banking sources told Reuters.
The potential disposals, THISDAY learnt yesterday are expected to include stakes in onshore and offshore fields and could raise up to $3 billion.
The development followed a statement from the Nigerian National Petroleum Corporation (NNPC) that it would no longer sign off any gas project without plans for gas flare out.
According to Reutersβ sources who were briefed on the …
