After a report condemned its move to appoint a foreign Chief Executive Officer, SEPLAT Petroleum Development Company has defended its decision to name Roger Brown as CEO. The firm insisted that the appointment was in compliance with the Nigerian Content Development Act "All the activities of SEPLAT as a corporate citizen are in fulfilment of…

The plan by the management of Seplat Petroleum Development Company to replace the outgoing Managing Director/Chief Executive Officer, Austin Avuru, with a Briton negates Section 30-36 of the Nigerian Oil and Gas Industry Content Development Act..

Mr. Austine Avuru is the Co-founder/Chief Executive Officer of Seplat Petroleum Development Company Plc. In this interview with HELEN OJI, he enumerated the economic gains of gas-generated power, as well as how the company’s huge investment in gas, especially the recent $700 million project, would enhance profitability and shareholders’ value. What are the key attractions…

According to the company, the project is funded through equity of $420 million, among other financing options, with government offsetting $210 million, while the remaining would be funded by Seplat.

The Chairman, Seplat Petroleum, Dr. Ambrosie Orjiako, has said that 2018 operational and financial performance...

Seplat Petroleum Development Company Plc has stated that it would continue to deleverage its balance sheet and improve drilling activities for sustainable growth.     In its interim management statement and consolidated interim financial results for the three months ended 31 March 2019, made available to The Guardian, the firm explained that it recorded positive impact in…

Seplat Petroleum Development Company Plc., operators of the NPDC/SEPLAT joint venture has concluded the seventh edition of its annual Eye Can See Corporate Social Responsibility...

To mitigate downtime losses, Seplat Plc, has said it is currently co-financing a third-party operated Escravos Pipeline, which is projected to be fully commissioned and operational this third quarter.     The pipeline is expected to serve as the primary evacuation route and deliver crude oil to Escravos, which is a Chevron Nigeria operated terminal…

Stakeholders who gathered at a Roundtable for Gas Development, organised by The Business Year, in partnership with the Lagos Petroleum Club, have emphasised the need for the Federal Government...

The Managing Director of Seplat, Austin Avuru has insisted that for the nation’s oil and gas sector to move forward, there is need for strong regulation Speaking at Petroleum Club Guarantors Dinner in Lagos recently....

The awaiting inaugural West African International Petroleum Conference and Exhibition (WAIPEC) opened doors to delegates and visitors today (February 22) with a two-day...

At about $7.65 per bcf (billion cubic feet) compared to landing cost of $2.50 per bcf, manufacturers have decried huge costs being paid for the commodity, even as franchisers hinge high cost on lack of key ...