Seplat Energy Reduces JV Stake To 30%, Sells 10% To NNPC For $281.6m

Seplat Energy Plc has agreed to sell a 10 percent working interest in the NNPCL-SEPNU joint venture to NNPC Limited for $281.6 million. The transaction will reduce Seplat’s stake to 30 percent, while the company remains operator of the joint venture.