Seplat JV Begins 2020 Scholarship Application Program

Seplat Petroleum Development Company Plc has announced the opening of applications for undergraduates in State and Federal Universities in Nigeria to qualify for its scholarship in 2020.

Students in their second year and above who meet the set criteria should apply using this link:

https://seplatscholarship.com/apply/

Seplat was formed in June 2009 through the partnership of Shebah Petroleum Development Company Limited and Platform Petroleum Joint Ventures Limited to specifically pursue upstream oil and gas opportunities in Nigeria, and in particular, divestment opportunities arising out of the incumbent Major IOC’s portfolios.

In December 2009, Établissements Maurel et Prom (“MPI”) acquired a 45% shareholding in Seplat and was followed by other pre-IPO investors. In July 2010, the Company acquired a 45% working interest in, and was appointed operator of, a portfolio of three onshore producing oil and gas leases: OMLs 4, 38 and 41. Located in the prolific western delta basin of Edo and Delta states.

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Initially Seplat formed a JV partnership with NNPC, until NNPC transferred its 55% interest to NPDC. Today, Seplat operates the blocks on behalf of the Seplat/NPDC joint venture.

In June 2013, Newton Energy, a wholly owned subsidiary of Seplat, reached an agreement with Pillar Oil to acquire a 40% participating interest (non-operated) in the Umuseti/Igbuku fields (OPL 283).

In 2015, the Group purchased a 40% participating interest in OML 53, onshore north eastern Niger Delta, from Chevron Nigeria Ltd and a revenue interest in OML 55, south eastern Niger Delta.

In January 2017, the Group incorporated a new subsidiary, ANOH Gas Processing Company (AGPC) Limited, a midstream gas company committed to the processing of gas from OML 53 for distribution to the local market. In August 2018, the Group entered into a shareholder agreement with Nigerian Gas Processing and Transportation Company (NGPTC) to subscribe for equal ownership of AGPC.

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In December 2019, Seplat completed the acquisition of AIM listed Eland Oil and Gas. Eland holds participating interests in OML 40 and Ubima marginal field.

Its portfolio now comprises eight oil blocks- direct interests in seven blocks in the Niger Delta area, four of which Seplat operates, and one further revenue interest.