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2019-04-05 09:50:00

EXXON SALES NIGERIA FOR $3 BLN

EXXON SALES NIGERIA FOR $3 BLN

REUTERS - 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.

The potential disposals are expected to include stakes in onshore and offshore fields and could raise up to $3 billion, two sources said.

"Exxon is actively divesting in Nigeria," one source who was briefed on the divestment plans said.

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Tags: EXXON, MOBIL, NIGERIA, OIL, GAS
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