Seplat sees no oil theft in Nigeria, where Shell lost $1bn

Filed under: main story |

Seplat Petroleum Development Co., the Nigerian oil producer raising $500 million from investors, said it had “absolutely no” theft in Nigeria, where Royal Dutch Shell plc lost almost $1 billion due to sabotage in 2013, reports Bloomberg. Seplat in July 2010 bought three licences from Shell onshore Niger Delta, which had been idled for about…

This content is for Bronze, Silver and Gold members only.
Log In Register