NNPC to Acquire Seplat’s 10% JV Interest for $281.6m
NNPC Limited announced its plan to acquire a 10% interest in the NNPCL-SEPNU Joint Venture from Seplat Energy Plc for $281.6 million, aiming to enhance shareholder returns.
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NNPC Limited announced its plan to acquire a 10% interest in the NNPCL-SEPNU Joint Venture from Seplat Energy Plc for $281.6 million, aiming to enhance shareholder returns.

Oil workers' union PENGASSAN has grounded the operations of Seplat Energy Plc across multiple locations nationwide, leading to fresh tension in Nigeria’s oil and gas sector.

Seplat Energy Plc has signed a binding agreement with the Nigerian National Petroleum Company Limited (NNPC Ltd) to sell a 10 percent working interest in their joint venture assets for approximately $281.6 million.

Seplat Energy Plc has announced a five-year growth strategy aiming to increase oil production to 500,000 barrels per day and distribute $1 billion in dividends to shareholders, building on its acquisition of Mobil Producing Nigeria assets.