Seplat Energy's EBITDA Reaches $1.1 Billion in 9 Months on Mobil Acquisition
Seplat Energy Plc achieved a significant milestone with EBITDA hitting $1.1 billion in 9 months, showcasing a robust financial performance largely attributed to the acquisition of Mobil assets in Nigeria. The company's revenue and gross profit also saw substantial growth despite a decrease in oil prices.
Seplat plans to invest $3 billion in Nigeria from 2026 to 2030, focusing on oil monetization projects. CEO Roger Brown announced ambitious growth plans to support shareholder returns and expansion.
Plus234Feed summary based on reporting from Business Day. Read the original report below.
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