Friday June 08, 2018/10:45AM / NSE
SEPLAT Petroleum Development Company Plc ("Seplat" or together with its subsidiaries the "Group"), a leading Nigerian indigenous oil and gas company listed on both the Nigeria Stock Exchange and London Stock Exchange, announces that contrary to recent press speculation regarding the Assa North/Ohaji South (”ANOH”) project, Seplat has not violated local content policy.
The ANOH project is still in development and has not yet achieved Final Investment Decision. SEPLAT in consultation with the Nigerian Content Development Management Board (NCDMB) wishes to state that: (i) the NCDMB has reviewed the contracting strategy for the ANOH project; and (ii) both the NCDMB and SEPLAT will continue to work together to obtain all applicable approvals which capture Nigeria content commitments.
This announcement is made in accordance with the provisions of Rule 17.10 (Dealing with Rumour), Rulebook of the Nigeria Stock Exchange, 2015 (Issuers Rule), where Seplat is required to publicly state its position.