August 22, 2014 5:43 PM ET

Oil, Gas and Consumable Fuels

Company Overview of Seplat Petroleum Development Company Plc

Company Overview

Seplat Petroleum Development Company Plc operates as an independent oil and gas company in onshore Niger Delta basin, Nigeria. It holds interests in a portfolio of three on-shore producing oil and gas leases located in the Niger Delta, which include the Oben, Ovhor, Sapele, Okporhuru, Orogho, and Amukpe fields. As of October 31, 2013, the company had contingent resources of 60 million barrels; and 105 billion cubic feet of natural gas. Seplat Petroleum Development Company Plc was founded in 2009 and is headquartered in Lagos, Nigeria.

25A, Lugard Avenue

Ikoyi

Lagos,  

Nigeria

Founded in 2009

353 Employees

Phone:

234 1277 0400

Key Executives for Seplat Petroleum Development Company Plc

Chief Executive Officer
Age: 55
Total Annual Compensation: $1.1M
Chief Financial Officer and Executive Director
Age: 44
Total Annual Compensation: $399.2K
Chief Operating Officer
Age: 57
Total Annual Compensation: $750.7K
Compensation as of Fiscal Year 2013.

Seplat Petroleum Development Company Plc Key Developments

Seplat Petroleum Mulls Acquisitions

Seplat Petroleum Development Company Plc (LSE:SEPL) is looking for acquisitions. Seplat Petroleum Development Company Plc proceeded with an initial public offer of its ordinary shares to raise $500 million, which was obviously oversubscribed. Austin Avuru, Chief Executive Officer of Seplat Petroleum Development Company Plc said, "The proceeds from the global offer place us in a strong position to make further acquisitions as the IOCs (International Oil Companies) divest their onshore assets in the Niger Delta."

Seplat Announces Production Results for the Six Months Ended June 30, 2014

Seplat announced production results for the six months ended June 30, 2014. For the period, the company also reported WI production of 27,375 (boepd) compared to 27,183 (boepd) produced in the same period last year. Production of gross liquids was 47,912 bopd and production of gross gas was 78.4 mmcfd.

Seplat Petroleum Development Company Plc Announces Board Appointments

Seplat Petroleum Development Company Plc announced the Board Committee appointments with effect from July 24, 2014. Mr. Damian Dodo SAN has been appointed to the Remuneration Committee and Nominations and Establishment Committee; and Madame Nathalie Delapalme has been appointed to the Corporate Social Responsibility Committee.

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Linetrale Petroleum Limited Middle East/Africa

Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
December 24, 2013
--
Merger/Acquisition
November 13, 2013
Gas Rich Oil Mining Lease (OML) 53 in Eastern Onshore Niger Delta Basin
 

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