The company announced that for the 2023 fiscal year, in addition to the main US12 cents per share, there will be a special US3 cents per share. The shareholders approved it during the Company's 11th Annual General Meeting (AGM) in Lagos.
During the shareholder meeting, the chairman of the board of Seplat Energy, Udoma Udoma, highlighted Seplat Energy’s robust financial results, including an 11.5% increase in total revenue to $1,061.3 million, crossing the $1.0 billion mark for the first time.
Udoma said, “We delivered strong results in 2023 against a weaker oil price environment. Despite the 17.0% decline in the average price of Brent crude, we grew our oil and gas revenue by 11.5% to $1,061.3 million, crossing the $1.0 billion mark for the first time, supported by improved production and asset availability. We also made significant progress on several growth projects, showing a willingness to deliver value today and plan for tomorrow.”
The CEO of Seplat Energy, Roger Brown, reiterated the Company’s commitment to sustainability and energy transition, outlining Seplat Energy’s initiatives to increase its contribution to Nigeria’s power sector by providing lower carbon and renewable energy solutions.
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