Seplat Petroleum to target acquisitions, diversification to drive future growth – Orjiakor

 

Seplat Petroleum Development Company Plc plans to acquire additional assets that would help in strengthening and diversifying its growth base as the indigenous oil and gas company seeks to create greater values for stakeholders.

Seplat Petroleum Development Company Plc plans to acquire additional assets that would help in strengthening and diversifying its growth base as the indigenous oil and gas company seeks to create greater values for stakeholders.

At the Seplat petroleum annual general meeting yesterday in Lagos,

the board of Seplat Petroleum said the company will explore both organic and inorganic opportunities to deliver its growth strategy. Chairman, Seplat Plc, Dr Ambrose Orjiako, said Seplat  will target acquisitions,and it continues to see Nigeria as a world-class opportunity set.Read more: NSC Records Increase in Gross Earnings

According to him, Seplat moved into the current business year on a substantially firmer operational and financing footing with a high-quality portfolio that offers a material and predictable production base combined with a large inventory of production and development drilling opportunities that it plans to capitalise on.

Seplat Petroleum to target acquisitions, diversification to drive future growth – Orjiakor

Chief Executive Officer, Seplat Development Company Plc, Mr. Austin Avuru, said the proactive and decisive management as well as strong underlying fundamentals have seen Seplat emerging from an exceptionally challenging period with a much fitter and stronger business that is equipped to deliver long-term value for shareholders.

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