By Sebastine Obasi
Seplat Petroleum Development Company Plc has rekindled Nigeria’s hope for improved gas production with the expected delivery of the ANOH Gas project in the first half of 2022, HI’2022.
Speaking at the just released financial results of Seplat, Mr. Roger Brown, the Chief Executive Officer of the Company, said: “2020 was a challenging year for the Company but Seplat has once again shown its resilience and ability to overcome challenges and deliver production in line with guidance, operating with minimal incidences of COVID-19 cases.
“From the $330 million of cash generated from operations, we have increased our capital investment, invested in ANOH and voluntarily paid down $100 million of debt, further deleveraging the balance sheet. Despite seeing the lowest oil prices in our 10-year history, we have continued to honour our commitment to shareholders of a regular income stream on their…
Source: Vanguard Newspaper