Seplat to defer oil projects, boost gas to beat plunge

16 February 2015, Lagos – Seplat Petroleum Development Co., a Nigerian oil producer that bought assets from Chevron Corp., plans to defer some oil investments while expanding gas output to survive low crude prices, company Chairman Ambroise Orjiako said. “We’re looking very strongly to compensate for the revenue drop by increasing gas production,” Orjiako said […] More »