Seplat Energy Reports Stable H1 2024 Performance

SEPLAT Petroleum Development (GB:SEPL) has released an update.

Seplat Energy PLC reports a solid first half of 2024 with operational improvements and key projects on track, despite a slight decrease in production and revenues compared to the previous year. The company has successfully maintained a stable operational environment in the Niger Delta, leading to reduced pipeline losses and improved production deferments. Financially, Seplat Energy has seen a rise in adjusted EBITDA and a decrease in net debt, while continuing its commitment to the ANOH gas project and the proposed acquisition of MPNU.

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