Seplat Energy Plc, the energy conglomerate co-founded and partly owned by Nigerian energy tycoon Austin Avuru, is stepping up efforts to expand oil and gas production after acquiring Mobil Producing Nigeria Unlimited assets . The deal, described as a major step for the company, adds high-quality reserves and offshore capacity to Seplats existing onshore operations.
Integration and performance
Chief Executive Officer Roger Brown said at Africa Energy Week in South Africa that the acquisition immediately strengthened Seplats performance and cash flow. Weve combined our onshore experience with decades of offshore expertise, resulting in improved operations from day one, he said.