Seplat loses $61m as Forcados remains shut

*Production down by 21% Kunle Kalejaye 29 July 2016, Sweetcrude, Lagos — Seplat, an independent indigenous Nigerian oil exploration, and production company posted an after-tax lose of $61 million sequel to the shut-in and suspension of oil export at the Forcados terminal. In mid-February 2016, militants in Nigeria’s oil-rich region, Niger Delta blew up pipeline […] More »