Exxon weighs sale of Nigerian oil and gas fields for up to US$3 billion

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Exxon Mobil recently held talks on the sale of a suite of oil and gas fields in Nigeria as the company focuses on new developments in U.S. shale ...

LONDON: Exxon Mobil recently held talks on the sale of a suite of oil and gas fields in Nigeria as the company focuses on new developments in U.S. shale and Guyana, industry and banking sources told Reuters.

Exxon officials have held talks in recent weeks with several Nigerian companies to gauge their interest in the fields.One source said Exxon was soon due to open a"data room" - which would provide technical information on the fields, such as seismic and production details - in Nigeria. Exxon recently launched the sale of its stake in Azerbaijan's largest oilfield, which would mark its retreat from the former Soviet state after 25 years.

Source: News Formal (newsformal.com)

 

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