Address 25A, Lugard Avenue, Ikoyi, Lagos, Nigeria
Mobile +23412770400
Last Price: 540   Change: +1.89 %
Brief Description
Seplat Petroleum Development Company (Seplat) is a Nigerian oil company based in Lagos.The company was formed in 2009 by a merger of Platform Petroleum and Shebah Exploration and Production, both small Nigerian based companies. A French oil exploration company, purchased a 45% share in the newly formed company. Seplat acquired several oil blocks from Royal Dutch Shell in the Niger delta. The company was able to expand production to 43,000 barrels per day, which was doubled from when Seplat acquired the blocks. The Company's portfolio consists of approximately six blocks in the Niger Delta, including oil mining lease (OML) 4, OML 38, OML 41, OPL 283, OML 53 and OML 55. The Company has a working interest in OMLs 4, 38 and 41, which are located in Edo and Delta States onshore Nigeria. The Company has a non-operated working interest in the Umuseti/Igbuku Marginal Field Area of OML 56. The Company has working interest in OML 53, which covers an area of approximately 1,585 square kilometers and is located onshore in the northeastern Niger Delta. Seplat has a working interest in OML 55, which is located in the swamp to shallow water offshore areas in the southeastern Niger Delta.