Seplat Energy PLC 2017 Annual Report with Sustainability Disclosures
The report highlights Seplat's return to profitability in 2017 following the lifting of force majeure at the Forcados terminal in June. The company achieved a record gas revenue of US$124 million, representing an 18% year-on-year increase, and completed the Oben Phase II gas processing expansion project. Seplat also successfully reduced its unit production operating cost by 32% to US$5.96/boe and decreased its net debt by 73% to US$141 million. Additionally, the company maintained a strong safety record with zero fatalities and achieved a Lost Time Incident Frequency of 0.31.
Company: Seplat Energy PLC
Sector: Mining & quarrying
Country: Nigeria
Year: 2017
Type: Annual Report with Sustainability Disclosures
Pages: 250
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Seplat Energy PLC
Annual Report And Accounts
The report highlights Seplat's return to profitability in 2017 following the lifting of force majeure at the Forcados terminal in June. The company achieved a record gas revenue of US$124 million, representing an 18% year-on-year increase, and completed the Oben Phase II gas processing expansion project. Seplat also successfully reduced its unit production operating cost by 32% to US$5.96/boe and decreased its net debt by 73% to US$141 million. Additionally, the company maintained a strong safety record with zero fatalities and achieved a Lost Time Incident Frequency of 0.31.
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Document Details
Report Year
2017
Reporting Period
Jan 1, 2017 - Dec 31, 2017
Fiscal Year
2017
Published
Feb 28, 2018
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
No data available
ESG Data?Experimental: AI-extracted data, may contain inaccuracies
Water Consumption
Workplace Fatalities
Employees