Seplat Petroleum Development Co. Plc

Seplat Petroleum Development Co. Plc

Seplat Petroleum Development Co. Plc

Overview
Date Founded

2009

Headquarters

25A Lugard Avenue, Ikoyi, Lagos, NGA

Type of Company

Public

Employees (Worldwide)

390

Industries

Oil & Gas

Company Description

Seplat Petroleum Development Co. Ltd. engages in the business of exploration and development with interest in oil and gas properties. It focuses on hydrocarbon production and recovery form its existing assets, as well as acquisition and farming to new properties in Nigeria such as onshore and shallow water offshore areas. The company was founded by Augustine Ojunekwu Avuru and Ambrosie Bryant Chukwueloka Orjiako on June 17, 2009 and is headquartered in Lagos, Nigeria.

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Executives & Employees

Chief Executive Officer, MD & Executive Director

Chief Financial Officer & Executive Director

Company Secretary & General Counsel

General Manager-External Affairs & Communications

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Board of Directors

Chairman & Chief Executive Officer at Shebah E&P Co. Ltd.

Chief Executive Officer at √Čtablissements Maurel & Prom SA

Chief Executive Officer & Director at Africa Growth Holdings (Pty) Ltd.

Former Managing Director at Nigerian Petroleum Development Co. Ltd.

Chief Executive Officer, MD & Executive Director at Seplat Petroleum Development Co. Plc

Chief Financial Officer & Executive Director at Seplat Petroleum Development Co. Plc

Managing Partner at Compliance Professionals Plc

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Owners & Shareholders
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Part of Standard Bank Group Ltd., Stanbic IBTC Asset Management Ltd. is a company headquartered in Lagos, Nigeria, that provides Investment Advice. It was founded in 1992. Bunmi Dayo-Olagunju is currently the CEO of the firm.

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Part of FirstRand Ltd., Ashburton Fund Managers (Pty) Ltd. is a company headquartered in Johannesburg,. The firm provides investment advice. Boshoff Grobler is currently the CEO of the company.

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Blakeney LLP is an active manager which is interested in the development of the telecommunications and banking industries in sub-Saharan Africa and the Arab world. The firm pursues a long-only, deep value equity strategy investing in stocks listed on the exchanges of emerging countries. Their portfolio consists of bottom-up value investments in cash-rich, unleveraged, growing companies as well as subsidiaries of developed country companies.

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Recent Transactions
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Seplat Petroleum Development Co. Plc purchases Belemaoil Producing Ltd.

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Seplat Petroleum Development Co. Plc issued Ordinary Shares

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Blakeney LLP, Mercuria Energy Group Ltd. purchase Seplat Petroleum Development Co. Plc from MPI SA

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Transaction Advisors
Legal Advisor

Advised onSeplat Petroleum Development Co. Plc issued Ordinary Shares

Global Coordinator

Advised onSeplat Petroleum Development Co. Plc issued Ordinary Shares

Underwriter

Advised onSeplat Petroleum Development Co. Plc issued Ordinary Shares

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Clients

Royal Dutch Shell Plc engages in the oil and natural gas production. It operates through the following segments: Integrated Gas, Upstream, Downstream, and Corporate. The Integrated Gas segment covers the liquefaction and transportation of gas. The Upstream segment explores and extracts crude oil, natural gas, and natural gas liquids. The Downstream segment manufactures and markets oil products and chemicals. The Corporate segment represents the firm's holdings and treasury organization; self-insurance activities; headquarters and central functions. The company was founded in February 1907 and is headquartered in The Hague, Netherlands.

Forte Oil Plc engages in marketing and selling refined petroleum products for automobile, industrial, aviation, and marine markets. It operates through the following segments: Fuels, Upstream Services, Lubricants and Greases, and Power Generation. The Fuels segment comprises of sale and distribution of petroleum products and aviation turbine kerosene in retail outlets and to industrial customers. The Upstream Services segment includes ancillary services to the exploration and production sub-sector of the oil and gas industry, The Lubricants and Greases segment involves in manufacturing and selling lubricants and greases. The Power Generation offers generating of power. The company was founded on December 11, 1964 and is headquartered in Victoria Island, Nigeria.

Nigerian National Petroleum Corp. produces crude petroleum and natural gas. The firm has powers and operational interests in gas development, engineering, exploration & production, refining, petrochemicals, distribution, and commercial investments, as well as marketing. It offers gasoline, jet fuel, diesel polyethylene, alkyl benzene, benzene, heavy alkylate, deparafinated kerosene, and petrochemical products. The company was founded on April 1, 1977 and is located in Abuja, Nigeria

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Key Stats and Financials As of 2016
Market Capitalization
$744M
Total Enterprise Value
$819M
Earnings Per Share
$-0.21
Revenue
$188M
Net Profit
$-122M
EBITDA
$13.4M
EBITDAMargin
7.09%
Total Debt
$537M
Total Equity
$999M
Enterprise Value Sales
4.34x
Enterprise Value EBITDAOperating
61.31x
TEVNet Income
-6.71x
Debt TEV
0.66x
Three Year Compounded Annual Growth Rate Of Revenue
-23.54%
Five Year Compounded Annual Growth Rate Of Revenue
-2.31%
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Suppliers
DeGolyer & MacNaughton Other Business & Consulting Services | Dallas, TX

DeGolyer & MacNaughton, part of DEI Holdings, Inc., is a company headquartered in Dallas, TX. The firm provides hydrocarbon evaluation services and related oil and gas engineering services.

Cardinal Drilling Ltd. Oil & Gas | Ikoyi, LA

Cardinal Drilling Ltd. is a Nigerian private company located in Ikoyi that engages in drilling in land or swamp cluster.

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Competitors
Kosmos Energy Ltd. Oil & Gas - Hamilton, HA

Kosmos Energy Ltd. is an independent oil and gas exploration and production company, which focuses on frontier and emerging areas in Africa and South America. Its asset portfolio includes existing production, discoveries, and exploration prospects offshore Ghana. It also involves the exploration licenses with hydrocarbon potential offshore Mauritania, Morocco, and Suriname. The company was founded by Brian F. Maxted on April 23, 2003 and is headquartered in Hamilton, Bermuda.

Oando Plc Oil & Gas - Lagos, LA

Oando PLC is one of Africa’s largest integrated energy solutions providers with a proud heritage. It has a primary listing on the Nigerian Stock Exchange and a secondary listing on the Johannesburg Stock Exchange. With shared values of Teamwork, Respect, Integrity, Passion and Professionalism (TRIPP), the Oando Group comprises six companies who are leaders in their market.

Genel Energy Plc Oil & Gas - St. Helier, JE

Genel Energy plc is an Anglo-Turkish exploration and production company with world-class oil and gas assets. We own a portfolio of high-quality assets with robust growth options over the short, medium and long-term. An excellent capital base and a high-calibre board and management team underpin these assets. With these strengths, Genel Energy is building a leading E&P business, founded on a set of assets in the Kurdistan Region, that places us in the top tier of independent E&Ps. We are steadily growing our business through the appraisal and development of our assets in the Kurdistan Region, and through value-accretive acquisitions, building a high impact exploration portfolio within the Middle East and Africa, while expanding our Kurdistan footprint.