By Ian Walker

Seplat Energy PLC said Monday that it is in talks with a partner to buy Exxon Mobil Corp.'s Nigerian shallow water business.

The Nigeria-based oil-and-gas company said talks are continuing but cautioned that the outcome isn't certain.

It didn't provide any more information except that a further announcement will be made "as and when appropriate."

Shares at 0906 GMT were up 2.0 pence, or 2.6%, at 80.0 pence.

Write to Ian Walker at ian.walker@wsj.com

(END) Dow Jones Newswires

November 29, 2021 04:25 ET (09:25 GMT)

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