Seplat loses $61m as Forcados remains shut

Kunle Kalejaye 03 August 2016, Sweetcrude, Lagos – Seplat, an independent indigenous Nigerian upstream exploration and production company, posted a $61 million after tax loss as a result of the shut down and suspension of oil export at the Shell Nigeria-operated Forcados facilities. Meanwhile, Seplat’s revenues for the half-year ended June 30, 2016 declined by 42 percent year-on-year […] More »