Seplat Petroleum transfersrAssests, OMLs 4, 38 and 41 to subsidiary

Seplat issues $650m five-year senior notes

Seplat Petroleum Development Company Plc, has announced the completion of transfer of the business activities and assets of OMLs 4, 38 and 41 from the Holding Company to its wholly owned Subsidiary, Seplat West Limited. Seplat is a leading Nigerian indigenous oil and gas company with dual listing on the Nigerian Stock Exchange (NSE) and London Stock Exchange (LSE). Following regulatory and partner approvals, the transfer is effective January 1, 2020, it stated in a document on Thursday by Edith Onwuchekwa, company secretary/chief governance compliance officer, availing shareholders and the…

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