Seplat Petroleum’s production slipped during the first nine months of 2019 versus the same period in 2018, although profit increased substantially.
Nigeria’s Seplat Petroleum has reached an agreement to acquire Aberdeenshire-headquartered Eland Oil and Gas for more than £380 million.
Eland Oil & Gas is beginning to reap the rewards of its second field in Nigeria’s Oil Mining Licence (OML) 40 starting up, allowing it to move into exploration plans.
Aberdeenshire-headquartered Eland Oil and Gas has hailed first production from one of its key projects in West Africa.
West-Africa-focused Eland Oil and Gas said today that production from one of its Nigerian licences had reached its highest level since 1977.