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Seplat Energy

Description

Seplat Energy Plc is a leading indigenous Nigerian oil and gas exploration and production company with a strategic focus on Nigeria, listed on the Main Market of the London Stock Exchange (“LSE”) (LSE:SEPL) and Nigerian Stock Exchange (“NSE”) (NSE:SEPLAT).

History
In July 2010, Seplat acquired a 45 percent participating interest in, and was appointed operator of, a portfolio of three onshore producing oil and gas leases in the Niger Delta (OMLs 4, 38 and 41), which includes the producing Oben, Ovhor, Sapele, Okporhuru, Amukpe and Orogho fields. Since acquisition, Seplat has more than tripled production from these OMLs.

In June 2013, Newton Energy Limited, a wholly-owned subsidiary of the Company, entered into an agreement with Pillar Oil Limited to acquire a 40 per cent participating interest in the Umuseti/Igbuku marginal field area within OPL 283.

In February 2015, Seplat completed the acquisition of a 40% working interest in OML 53 and a 22.5% working interest in OML 55, Onshore Nigeria.

Seplat is pursuing a Nigeria focused growth strategy and is well-positioned to participate in future divestment programmes by the international oil companies, farm-in opportunities and future licensing rounds.

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Related news

Seplat Energy Announces Full Year 2023 Financial Results
29/02/2024
Seplat Provide Update on Majestic Rig Incident
17/08/2023
Seplat Energy Reports Fatality on Majestic Rig Near Ovhor, Delta State
16/08/2023
Court of Appeal suspends enforcement of Interim Court Orders against Seplat and its Officers
15/05/2023
Immigration Suit against Seplat Energy and Its Directors Withdrawn
20/04/2023
Seplat Announces Termination of Consultancy Agreement
23/03/2023
Seplat Energy Provides Corporate Update
10/03/2023
Seplat Announces Commissioning of Amukpe-Escravos Pipeline in Nigeria
01/08/2022
Seplat Energy Reports Q1 2022 Results
28/04/2022
Seplat Energy reports 2021 full year results
01/03/2022

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