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Seplat rates Nigeria high on oil, gas reserves, investment

Seplat Petroleum Development Company has rated Nigeria high on oil and gas reserves as well as investment.

Seplat

The company indicated in its report that: ”Nigeria is the largest oil producer in Africa with proven geology, and long established infrastructure, regulatory and fiscal regimes.

”Nigeria also possesses one of the largest gas reserves on the continent, the development of which to supply the rapidly evolving and expanding domestic market is an attractive growth opportunity for Seplat.

”Nigeria’s oil and gas industry represents a compelling value proposition and is attractive, not just to Seplat but the wider industry also, on many levels. It starts below the ground and the prolific hydrocarbon geology of the Niger Delta area, where Nigeria’s oil and gas industry is concentrated.”

 


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