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In dissecting Seplat Petroleum Development Company’s recent awards amid challenges presented by Covid-19 pandemic to the oil and gas industry globally, Olaoluwakitan Babatunde writes that strong corporate governance makes the future bright for the firm and its shareholders Nigeria’s leading indigenous and independent oil and gas firm, Seplat Petroleum Development Company PLC, began year 2021 on a good note, winning the Most Profitable Company of the Year (Oil & Gas: Exploration and Production) at the Nigerian Investor Value Award (NIVA) organised by a national newspaper in conjunction with the Nigerian Exchange Limited. The firm’s Chairman, Dr. ABC Orjiako, also emerged the Board Chairman of the Year 2020. ....
Nigeria: Seplat Signs Crude Purchase Agreement With Waltersmith allafrica.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from allafrica.com Daily Mail and Mail on Sunday newspapers.
Previously, Seplat’s share of Ohaji South crude was primarily evacuated to the export Terminal via a third-party Crude Handling Agreement with Waltersmith. This new agreement benefits Seplat by selling its crude oil directly to Waltersmith for refining, thereby eliminating crude losses and downtime experienced along the evacuation and export route. The transaction would also boost the capacity of Waltersmith in providing its products particularly to the immediate region of our operations thereby supporting Seplat’s commitment to national energy security. Seplat maintains its guidance of 48,000 to 52,000 barrels of oil equivalent per day (bopd) for the 2020 financial year.Chief Executive of Seplat, Roger Brown, said: “We are delighted to sign this Crude Purchase Agreement with Waltersmith as it ensures that Nigerian crude will be refined locally by a Nigerian refiner. ....
Nigeria: Seplat Petroleum, Waltersmith Refinery Sign Crude Purchase Agreement allafrica.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from allafrica.com Daily Mail and Mail on Sunday newspapers.
By Peter Uzoho Seplat Petroleum Development Company Plc, a Nigerian independent energy company has signed a Crude Purchase Agreement (CPA) with Waltersmith Petroman Oil Limited (Waltersmith). A statement yesterday, explained that the CPA was for the supply of between 2,000 and 4,000 barrels of oil per day (bopd) from existing working-interest production from the Ohaji South Field within OML53, for Waltersmith’s new 5,000 bopd modular refinery at Ibigwe Field, in Imo State. It stated that previously, Seplat’s share of Ohaji South crude used to be evacuated to the export terminal via a third-party Crude Handling Agreement with Waltersmith. “This new agreement benefits Seplat by selling its crude oil directly to Waltersmith for refining, thereby eliminating crude losses and downtime experienced along the evacuation and export route. ....