Seplat Energy Plc has signed a binding agreement to sell a 10 percent working interest in its joint venture with the Nigerian National Petroleum Company Limited (NNPC Limited) for approximately $281.6 million, a transaction that will strengthen its balance sheet, reduce debt and support enhanced shareholder returns. The agreement, executed through Seplat Energy Offshore Limited […]
... Seplat Energy to Sell 10% JV Stake to NNPC for $281.6 Million, Plans Special Dividend ... Naijaonpoint.