Seplat, a Nigerian oil firm, is said to be among the companies bidding for Petroleo Brasileiro SA’s (Petrobras) African oilfields, and also expects to ramp up drilling this year after output recovered from militant attacks and low prices, Bloomberg reports.
Brazil’s national oil company Petrobras announced in a statement last year, that it was offloading its Nigerian subsidiary as part of a massive divestment program. Petrobras participates in two Nigerian oilfields, Akpo and Agbami, operated by French oil giant Total, producing a total of 368,000 barrels a day.
Seplat was among the Nigerian independents that bought oilfields which hold at least a third of the West African nation’s 37.5 billion barrels of crude reserves from companies including Royal Dutch Shell Plc, Total SA and Eni SpA. The most recent was its acquisition of its interests in OMLs 52, 53 and 55 from Chevron.
