Seplat Energy to sell 10% NNPCL joint venture stake for $281.6m

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Seplat Energy Plc has agreed to sell a 10% stake in its joint venture assets with Nigerian National Petroleum Company Limited for $281.6 million. The transaction involves a strategic energy sector deal impacting Nigeria’s oil and gas industry.

LAGOS/LONDON — Seplat Energy Plc has signed a binding agreement with the Nigerian National Petroleum Company Limited (NNPC Ltd) for the sale of a 10 per cent working interest in the assets held by their joint venture for a transaction value of approximately $281.6 million. The energy company, listed on both the Nigerian Exchange and […] The post Seplat Energy to sell 10% NNPCL joint venture stake for $281.6m appeared first on Vanguard News.