April 24, 2017 4:41 PM ET

Oil, Gas and Consumable Fuels

Company Overview of Seplat Petroleum Development Company Plc

Company Overview

Seplat Petroleum Development Company Plc, an indigenous oil and gas company, explores, develops, and produces oil and gas in Nigeria. It operates a portfolio of assets in the Niger Delta region, including a 45% interest in the OML 4 that covers an area of 267 square kilometers; a 45% interest in OML 38 that covers an area of 2,094 square kilometers; and a 45% interest in OML 41 that covers an area of 291 square kilometers. The company also holds a 40% non-operated working interest in OPL 283 marginal field area and is located in the northern onshore depo-belt of the Niger Delta; a 40% in OML 53 that covers an area of 1,556 square kilometers and is located onshore in Imo State; and a 22.5% wo...

25A, Lugard Avenue

Ikoyi

Lagos,  

Nigeria

Founded in 2009

390 Employees

Phone:

234 1277 0400

Key Executives for Seplat Petroleum Development Company Plc

Chief Executive Officer, Managing Director and Executive Director
Age: 57
Total Annual Compensation: $1.9M
Chief Financial Officer and Executive Director
Age: 46
Total Annual Compensation: $1.1M
Compensation as of Fiscal Year 2015.

Seplat Petroleum Development Company Plc Key Developments

Seplat Petroleum Development Company Plc Announces Retirement of Stuart Connal as Chief Operating Officer and Executive Director

Seplat Petroleum Development Company Plc announced the retirement of Mr. Stuart Connal as Chief Operating Officer and Executive Director of the company with effective from March 30, 2017.

Seplat Petroleum Development Company plc Announces Consolidated and Parent Company Earnings Results for the Year Ended December 31, 2016

Seplat Petroleum Development Company Plc announced consolidated and parent company earnings results for the year ended December 31, 2016. For the period, on consolidated basis, the company reported revenue of $254,217,000 against $570,477,000 for the same period a year ago. Operating loss was $157,883,000 against operating profit of $157,865,000 for the same period a year ago. Loss before tax was $172,766,000 against profit before tax of $87,079,000 for the same period a year ago. Loss for the year was $166,094,000 against profit for the year of $65,607,000 for the same period a year ago. Loss attributable to equity holders of parent was $164,590,000 against profit attributable to equity holders of parent of $67,761,000 for the same period a year ago. Basic and diluted loss per share was $0.29 per share against basic and diluted earnings per share of $0.12 per share for the same period a year ago. Net cash inflows from operating activities was $171,595,000 against $38,039,000 for the same period a year ago. Acquisition of other property, plant and equipment was $2,349,000 against $4,615,000 for the same period a year ago. For the period, on parent company basis, the company reported revenue of $202,446,000 against $497,867,000 for the same period a year ago. Operating loss was $164,299,000 against operating profit of $145,754,000 for the same period a year ago. Loss before tax was $138,911,000 against profit before tax of $76,549,000 for the same period a year ago. Loss for the year was $166,094,000 against profit for the year of $65,607,000 for the same period a year ago. Loss attributable to equity holders of parent was $124,412,000 against profit attributable to equity holders of parent of $60,165,000 for the same period a year ago. Basic and diluted loss per share was $0.22 per share against basic and diluted earnings per share of $0.11 per share for the same period a year ago. Net cash inflows from operating activities was $167,404,000 against $96,918,000 for the same period a year ago. Acquisition of other property, plant and equipment was $2,352,000 against $4,656,000 for the same period a year ago.

Seplat Petroleum Development Company Plc, 2016 Earnings Call, Mar 30, 2017

Seplat Petroleum Development Company Plc, 2016 Earnings Call, Mar 30, 2017

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