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NNPC/SEPLAT, NPDC/SEPLAT JVs make additional COVID-19 donations to Edo, Delta, Imo

As part of its corporate social responsibility (CSR) to the people of Edo, Delta and Imo States, Seplat Petroleum Development Company Plc and its joint venture partners, the Nigerian National Petroleum Corporation (NNPC) and subsidiary, the Nigerian Petroleum Development Company (NPDC) Limited have made additional donations to the state governments in the fight against the coronavirus pandemic.

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Seplat resilient amidst global headwinds, assures shareholders of sustainable growth

Seplat Petroleum Development Company Plc, a leading Nigerian independent oil and gas company listed on both the Nigerian Stock Exchange (NSE) and the London Stock Exchange (LSE), remains a resilient business that generates significant free cash flow from a low cost production base; has a balanced portfolio split evenly between oil and gas (which is de-linked to oil price); and is focused on delivering shareholder returns through regular dividend distributions and capital growth, the chairman of the company, Dr. A.B.C. Orjiako has said.

Notes to editors

Seplat Petroleum Development Company Plc is a leading indigenous Nigerian oil and gas exploration and production company with a strategic focus on Nigeria, listed on the Main Market of the London Stock Exchange (“LSE”) (LSE:SEPL) and Premium Board of the Nigerian Stock Exchange (“NSE”) (NSE:SEPLAT).

Seplat is pursuing a Nigeria focused growth strategy and is well-positioned to participate in future divestment programmes by the international oil companies, farm-in opportunities and future licensing rounds.

For further information please refer to the company website or contact