Seplat Energy Plc has completed the acquisition of Mobil Producing Nigeria Unlimited from ExxonMobil for $1.28 billion, a significant step in the company's growth strategy. Following this acquisition, Seplat plans to revive hundreds of idle oil wells in Nigeria, focusing on rig intervention and short-term oil generation activities. The deal is expected to enhance Seplat's operational capacity in the West African oil sector. Additionally, Kosmos Energy is reportedly in early discussions regarding a potential takeover of Tullow Oil, while CNOOC's subsidiary has signed a sales and purchase agreement with INEOS Energy, marking a notable shift in the energy landscape.