Seplat

Africa

Seplat Petroleum boosts production for 2015

Seplat Petroleum has seen its working interest production for last year boosted by more than 40%. The Nigeria and London Stock exchanged firm said its current daily production interest was sitting at around 55,000boepd (barrels of oil equivalent per day) with both its oil and gas rates strong.

Markets

SEPLAT resumes asset negotiations in Nigeria

Negotiations by SEPLAT Petroleum Development to acquire an asset in Nigeria which faced delays has finally restarted. The company said it had reached an agreement to release funds from an account which had been set up with a consortium in a bid to make a potential acquisition. It had been created to look for opportunities to buy assets from oil and gas companies operating in the region. In the latest agreement, SEPLAT has said it will release $408million of the total $453million which is being held in the account.

Africa

Oil producer Afren receives preliminary offer from Seplat

Oil producer Afren has seen a boost in its shares following a preliminary offer from Seplat Petroleum Development. The company’s shares rose 10.5% on the London Stock Exchange to 50.82pence. The company’s shares rose 10.5% on the London Stock Exchange to 50.82pence.