The government had earlier noted that it was not opposed to the deal, but that due process should be followed in acquiring the assets.
Also, providing an insight into the company’s performance, the company, stated: “Seplat Energy’s operational performance was strong in the third quarter, particularly September which mitigated some of the outages experienced on third party infrastructure and supported production growth of 11% on the same period in 2022.
“Following the serious incident on the Depthwize Majestic rig, which resulted in the tragic loss of life, we have provided significant support to Depthwize, its owner, in its recovery operation. Our own investigations are ongoing, but I can assure all stakeholders of our unwavering commitment to safety on all of our operations.
“Operations benefited from improved uptime at Forcados Oil Terminal and availability of the Amukpe-Escravos pipeline, supporting strong revenue, modestly offset by higher costs. Robust cash generation further strengthened the balance sheet. “Average realised oil price $82.76/bbl ; average gas price improved to $2.87/Mscf . Unit production opex of $9.7/boe, .
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