Seplat Seeks to Acquire Nigerian Gas Assets as Prices Climb 67%
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Seplat Petroleum Development Co., a Nigerian oil producer that raised about $500 million in a share sale this year, is looking to buy natural-gas assets to take advantage of higher prices in Africa’s biggest economy.
“Two things are driving the gas-commercialization business: the gas price and increasing demand,” Chairman Bryant Orjiako said in an interview yesterday in Cape Town. “Another thing that we’re doing is to find any available source of gas.”