Niger Delta crisis still a major challenge in oil production – Avuru
Austin Avuru Austin Avuru is the Chief Executive Officer, Seplat Petroleum Development Company Plc. He spoke to journalists on the company’s corporate governance policy, vision and recent elevation by the Nigerian bourse. STANLEY OPARA was there With oil prices looking up thus far this year and volumes stabilised, what should investors expect from Seplat by year end? The culture is that as an oil and gas production company, we guide for production and we don’t guide for profit. The banks and other businesses can do that. By the time we publish our first quarter financial results, we will guide for the rest of 2018 in terms of production and so on. What are the threats you foresee as a business? For our operations in Nigeria, the biggest challenge is the impact any crisis in the Niger Delta could have on our production and evacuation of our products. We saw 16 months of minimal production when the Trans-Forcados pipeline was ...
