August 22, 2017 1:31 PM ET

Oil, Gas and Consumable Fuels

Company Overview of Mobil Producing Nigeria Unlimited

Company Overview

Mobil Producing Nigeria Unlimited, an oil company, engages in the offshore production of crude, condensate, and natural gas liquid. Mobil Producing Nigeria Unlimited was formerly known as Mobil Exploration Nigeria Incorporated and changed its name to Mobil Producing Nigeria Unlimited in 1969. The company was founded in 1955 and is based in Lagos, Nigeria. Mobil Producing Nigeria Unlimited operates as a subsidiary of Exxon Mobil Corporation.

Mobil House

1, Lekki Expressway, Victoria Island



Founded in 1955

Key Executives for Mobil Producing Nigeria Unlimited

Executive Director
Compensation as of Fiscal Year 2017.

Mobil Producing Nigeria Unlimited Key Developments

Mobil Producing Nigeria Unlimited Workers Suspend Strike After Kachikwu's Intervention

Following the intervention of the Minister of State for Petroleum, Dr. Ibe Kachikwu, senior workers of Mobil Producing Nigeria Unlimited (MPN), under the aegis of Petroleum and Senior Staff Association of Nigeria suspended their strike started to protest the sack of their members, pending a review of the company's action by a ministerial committee. Minister of State for Petroleum, the labour union and management of MPN, it was also resolved that all the workers affected by the special separation programme (SSP) embarked upon by the company should remain on the company's payroll but cannot return to work, pending the conclusion of the review of the ministerial committee. The committee has been mandated to submit its recommendations to the minister not later than January 10, 2017. PENGASSAN also clarified that the disengagement of staff should be voluntary, and not compulsory as implemented by the company. The association also denied that some sacked senior workers received NGN 350 million as severance package, saying that since the claim was made by the company, the son of a staff had been kidnapped and the kidnappers were demanding for their own share of the NGN 350 million.

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Recent Private Companies Transactions

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