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Mobil Producing Nigeria
ExxonMobil has offshore oil production in Nigeria, and is the country's second largest crude oil producer. Mobil Producing Nigeria (MPN) began shallow water operations in 1955, and owns over 90 platforms and 300 producing wells covering . ExxonMobil also has deepwater production in Nigeria. Esso Exploration and Production Nigeria Limited (EEPNL) operates interests in the Erha, Usan, and Bonga developments. ExxonMobil partners with the Nigerian National Petroleum Corporation (now NNPC Limited). The company operates in Akwa Ibom State, Nigeria. ExxonMobil was working toward an agreement to sell all of its shallow water assets (MPN) to Seplat ttp://seplatenergy.com Seplat Energy(Seplat) is a Nigerian independent oil and gas company listed on both the London and Nigerian Stock Exchanges with assets in the Niger Delta. History Seplat was formed as Seplat Petroleum Development Company in ... in August, 2022 for $1.3 billion to $1.6 billion, pending regulatory hurdles. References ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Subsidiary
A subsidiary, subsidiary company or daughter company is a company owned or controlled by another company, which is called the parent company or holding company. Two or more subsidiaries that either belong to the same parent company or having a same management being substantially controlled by same entity/group are called sister companies. The subsidiary can be a company (usually with limited liability) and may be a government- or state-owned enterprise. They are a common feature of modern business life, and most multinational corporations organize their operations in this way. Examples of holding companies are Berkshire Hathaway, Jefferies Financial Group, The Walt Disney Company, Warner Bros. Discovery, or Citigroup; as well as more focused companies such as IBM, Xerox, and Microsoft. These, and others, organize their businesses into national and functional subsidiaries, often with multiple levels of subsidiaries. Details Subsidiaries are separate, distinct legal entities f ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |