OpeOluwani Akintayo
Lagos — Seplat Petroleum Development Company Plc, will on June 26, host a capital markets event at the London Stock Exchange in London for analysts and investors.
The company is listed on both the Nigerian Stock Exchange, NSE and also on the London Stock Exchange.
In a memo sent to the NSE on Tuesday, seen by SweetcrudeReports, the company said the session will focus on the Assa North and Ohaji South, ANOH greenfield gas and condensate development project and its potentials.
A Final investment decision has already been taken by Seplat to invest in the ANOH project.
As earlier reported by SweetcrudeReports, the development of the Assa North – Ohaji South, ANOH project in Oil Mining Lease, OML, 53, is at the core of Seplat’s plans to significantly increase gas production and operated processing capacity in Nigeria in the near-to-medium term.
In August 2018, Seplat signed the Shareholder Agreement and Share Subscription Agreement with the Nigerian Gas Company, NGC, a wholly owned subsidiary of Nigerian National Petroleum Corporation, NNPC.
NGC will subscribe for fifty percent of the shares in ANOH Gas Processing Company Limited, AGPC, a company that was incorporated in 2017 for the purpose of processing future wet gas production from the upstream unitized gas fields at C, which is operated by Shell.
Phase I of the project will comprise the building of a 300 MMscfd gas processing plant with accommodation for future expansion.