Nigeria, Dec. 13 -- The acquisition of Mobil Producing Nigeria Unlimited (MPNU) from ExxonMobil has been finalized, according to a statement released yesterday by Seplat Energy Plc. This Indigenous energy firm is listed on the London Stock Exchange and the Nigerian Exchange Limited.

The deal is revolutionary for Seplat Energy, more than doubling production and setting the company up to drive development and profitability while substantially contributing to Nigeria's future prosperity, the company said in a news release yesterday.

With equity in 11 blocks (onshore and shallow water Nigeria), 48 producing oil and gas fields, five gas processing facilities, and 3 export terminals, the expanded company is now Nigeria's largest independent e...