Seplat Petroleum is interested in acquiring Addax Petroleum’s Oil Mining Lease (OML) 124, onshore Eastern Nigeria and it is willing to move, once there is certainty that Sinopec, the parent company, is divesting the company’s assets in Nigeria and Gabon, according to Africa Oil + Gas Report.

Seplat has been proactive enough to call BNP Paribas, the bank that reportedly had the mandate to dispose of the assets, to find out if it could indeed proceed to purchase. A source however said the bank didn’t have the mandate.

It would be to Seplat’s advantage to ‘annex’ OML 124, which has such upsides as Njaba and Uta discoveries, as well as the producing Izombe field, with its (Seplat’s)) own OML 53, which sits directly to the south and shares a boundary with OML 124.