Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has affirmed that status quo remains in respect to ExxonMobil/Seplat Energy share acquisition.
NUPRC Chief Executive Mr Gbenga Komolafe, said in Abuja, that NUPRC, in line with provisions of the Petroleum Industry Act 2021 was the sole regulator in dealing with such matters in Nigerian upstream sector. President Muhammadu Buhari on Monday, consented to the acquisition of ExxonMobil shares in the U.S.A by Seplat Energy Offshore Limited.
“That position remains the status quo and to the best of our knowledge as a regulator nothing has changed.
“The Commission is committed to ensuring predictable and conducive regulatory environment at all times in the Nigerian upstream sector,” he said.
No deal