President Muhammadu Buhari has given consent for the renewal of three Oil Mining Licences (OML) belonging to oil and gas firm, Seplat Petroleum Development Company Plc.

A disclosure sent to the Nigerian Stock Exchange (NSE) on Thursday said the president gave consent for the renewal of the three licences––OMLs 4, 38 and 41––to a new expiry date of 21 October 2038. (http://www.nse.com.ng/Financial_NewsDocs/24435_SEPLAT_PETROLEUM_DEVELOPMENT_COMPANY_PLC_CORPORATE_ACTIONS_NOVEMBER_2018.pdf).

Mr Buhari, who is also Nigeria’s petroleum minister granted the approval after the company paid a renewal bonus of $25.9 million, the disclosure said.

Seplat Petroleum Development Company is a Nigerian indigenous oil and gas company listed on both the Nigeria Stock Exchange and London Stock Exchange.

According to the disclosure, signed by Roger Brown, Seplat’s Chief Financial Officer, the company holds a 45 per cent working interest in OMLs 4, 38 and 41. Mr Brown added that in the first nine months of 2018, production from the licenses accounted for 92 per cent of Seplat’s total oil production and 100 per cent of Seplat’s gas production.

“In connection with the licence renewal Seplat has paid in full a Renewal Bonus of US$25.9 million, thus ensuring all conditions for license renewal have been met,” the disclosure said.

“The Company is now working with the Department of Petroleum Resources to obtain the updated title deeds in connection with the renewal.”

On his part, Austin Avuru, Seplat’s Chief Executive Officer, assured that after the renewal, the company would now invest in the Nigerian oil and gas industry with confidence.

“We are delighted to have concluded the early renewal of our core producing licenses, OMLs 4, 38 and 41,” he was quoted to have said.

“With the extension of the license to 2038 secured, we can now invest with confidence long into the future as we seek to further realise the full oil and gas potential of the licenses and continue to deliver value to all of our stakeholders.”

https://www.premiumtimesng.com/news/headlines/295873-buhari-approves-renewal-of-three-oil-licences-for-seplat-till-2038-official.html

Seplat congrats!!

Una don Chop!!

How much was he given as bribe ?

Seplat Oil Company Belongs To Alhaji Sanusi Buhari....

Nepotism of the highest order!

CilicMarin:
Seplat Oil Company Belongs To Alhaji Sanusi Buhari....

Nepotism of the highest order!

IPOB pig*let. Who gave the initial licence?


Our Board
The Seplat Board consists of


Dr. Ambrosie Bryant Chukwueloka Orjiako
Chairman/cofounder

Mr Austin Ojunekwu Avuru
Chief Executive Officer/Co-founder

Mr. Roger Thompson Brown
Chief Financial Officer

Mr. Effiong Okon
Operations Director

Mr. Michael Richard Alexander
Senior Independent Non-Executive Director

Mr. Basil Omiyi
Independent Non-Executive Director

Lord Mark Malloch-Brown
Independent Non-Executive Director

Dr. Charles Okeahalam
Independent Non-Executive Director

Mrs. Ifueko Omoigui Okauru
Independent Non-Executive Director

Mr. Damian D. Dodo S.A.N.
Independent Non-Executive Director

Mr. Macaulay Agbada Ofurhie
Non-Executive Director


Mr. Austin Ojunekwu Avuru Chief Executive Officer. Austin Avuru, a co-founder of Seplat, was appointed Chief Executive Officer on 1 May 2010. He obtained a Geology degree from the University of Nigeria, Nsukka in 1980 and a post-graduate diploma in Petroleum Engineering from the University of Ibadan, Nigeria in 1992

Campaign fund loading. They will soon say there was an emergency and spent it without approval.

docadams:


IPOB pig*let. Who gave the initial licence?


Our Board
The Seplat Board consists of

Dr. Ambrosie Bryant Chukwueloka Orjiako

Dr. Ambrosie Bryant Chukwueloka Orjiako
Chairman

Mr Austin Ojunekwu Avuru
Chief Executive Officer

Mr. Roger Thompson Brown
Chief Financial Officer

Mr. Effiong Okon
Operations Director

Mr. Michael Richard Alexander
Senior Independent Non-Executive Director



Mr. Basil Omiyi
Independent Non-Executive Director

Lord Mark Malloch-Brown
Independent Non-Executive Director

Dr. Charles Okeahalam
Independent Non-Executive Director

Mrs. Ifueko Omoigui Okauru
Independent Non-Executive Director

Mr. Damian D. Dodo S.A.N.
Independent Non-Executive Director

Mr. Macaulay Agbada Ofurhie
Non-Executive Director


Mr. Austin Ojunekwu Avuru Chief Executive Officer. Austin Avuru, a co-founder of Seplat, was appointed Chief Executive Officer on 1 May 2010. He obtained a Geology degree from the University of Nigeria, Nsukka in 1980 and a post-graduate diploma in Petroleum Engineering from the University of Ibadan, Nigeria in 1992

Buhari Registered the company in 2015 after being sworn in.

You can't deceive us Oga!

CilicMarin:


Buhari Registered the company in 2015 after being sworn in.

You can't deceive us Oga!

IPOB mentality. You are beyond help

CilicMarin:


Buhari Registered the company in 2015 after being sworn in.

You can't deceive us Oga!

Don't mind him

Islamisation with niger delta oyel 95% loading

NaijaRoyalty:
How much was he given as bribe ?

He doesn't need bribe. Buhari owns everything in the niger delta according to your fulani herdsmen, remember?

docadams:


IPOB mentality. You are beyond help

Oga, this is not about IPOB. If you check the board members, you will see about 4 of Buhari's children sitting there are Executive Directors.

Buhari owns about 52 Oil Blocks in Niger Delta.

CilicMarin:
Seplat Oil Company Belongs To Alhaji Sanusi Buhari....

Nepotism of the highest order!

shukuokukobambi:


Don't mind him

Islamisation with niger delta oyel 95% loading

Sarcasm

docadams:


IPOB mentality. You are beyond help

lol

CilicMarin is a core Buharist

He is only being sarcastic

CilicMarin:


Oga, this is not about IPOB. If you check the board members, you will see about 4 of Buhari's children sitting there are Executive Directors.

Buhari owns about 52 Oil Blocks in Niger Delta.

Apologies. Don't mind me jare. I detest those IPOB vermins

Buhari shd stop working, our God sent Messiah is already here to set us free from economy woes, tribal and religious bigotry, repositioning our lost glory by creating mass employment.


In Atiku/obi I trust



D dullard can go and tend to his gay cow

mankan2k7:
Buhari shd stop working, our God sent Messiah is already here to set us free from economy woes, tribal and religious bigotry, repositioning our lost glory by creating mass employment.


In Atiku/obi I trust



D dullard can go and tend to his gay cow

You've started again abi?

You better be careful with this your delirious need for a messiah. The last time you got yourself one, you ended up as below