ADVERTISEMENT
The Sun Nigeria
  • Home
  • National
  • Columns
    • Broken Tongues
    • Capital Matters
    • Diabetes Corner
    • Duro Onabule
    • Femi Adesina
    • Frank Talk
    • Funke Egbemode
    • Insights
    • Kalu Leadership Series
    • Kunle Solaja
    • Offside Musings
    • PressClips
    • Public Sphere
    • Ralph Egbu
    • Shola Oshunkeye
    • Sideview
    • The Flipside – Eric Osagie
    • Tola Adeniyi
  • Business
  • Politics
  • Entertainment
  • The Sun TV
  • Sporting Sun
No Result
View All Result
  • Home
  • National
  • Columns
    • Broken Tongues
    • Capital Matters
    • Diabetes Corner
    • Duro Onabule
    • Femi Adesina
    • Frank Talk
    • Funke Egbemode
    • Insights
    • Kalu Leadership Series
    • Kunle Solaja
    • Offside Musings
    • PressClips
    • Public Sphere
    • Ralph Egbu
    • Shola Oshunkeye
    • Sideview
    • The Flipside – Eric Osagie
    • Tola Adeniyi
  • Business
  • Politics
  • Entertainment
  • The Sun TV
  • Sporting Sun
No Result
View All Result
The Sun Nigeria
No Result
View All Result
Home Business

Seplat Petroleum, Waltersmith sign crude purchase deal

22nd December 2020
in Business, National
0
Seplat Petroleum, Waltersmith sign crude purchase deal
0
SHARES
90
VIEWS
Share on FacebookShare on Twitter

From Uche Usim, Abuja

Seplat Petroleum Development Company Plc on Tuesday announced a Crude Purchase Agreement (CPA) with Waltersmith Petroman Oil Limited (Waltersmith) for the supply of between 2,000 and 4,000 barrels per day (bpd) from existing working-interest production from the Ohaji South Field within OML53 for Waltersmith’s new 5,000 bpd modular refinery at Ibigwe Field, Imo State.

According to Seplat, its share of Ohaji South Crude was primarily evacuated to the export terminal via a third-party Crude Handling Agreement with Waltersmith.

It added that the new agreement benefits it by selling its crude oil directly to Waltersmith for refining, thereby eliminating crude losses and downtime experienced along with the evacuation and export route. The transaction would also boost the capacity of Waltersmith in providing its products particularly to the immediate region of our operations thereby supporting Seplat’s commitment to national energy security.

Seplat maintains its guidance of 48,000 – 52,000 bpd for the 2020 financial year.

Roger Brown, Chief Executive of Seplat, remarked: ‘We are delighted to sign this Crude Purchase Agreement with Waltersmith as it ensures that Nigerian crude will be refined locally by a Nigerian refiner. The agreement will eliminate losses we previously experienced on the export pipeline, meaning more revenue will be booked by Seplat for the same amount of oil produced from the field. Waltersmith’s refinery will also benefit the Nigerian economy by creating local jobs to refine our oil.’

Click Here>>>>>>7 Natural Herbs to Finally End Premature Ejaculation and Weak Erection<<<<<<

Click Here>>>>>>Anti-kidnap and anti-theft device for tracking and listening<<<<<<

Tags: crude oilcrude purchase agreementibigwe oil fieldImo Stateohaji south crudeohaji south oil fieldoil explorationoil refineryRoger BrownSeplat Petroleum Development Companywaltersmith petroman oil
David

David

Sun News Online team

Related Posts

Ondo: Only unregistered Fulani herdsmen were asked to leave our forests - Akeredolu
National

Ondo: Only unregistered Fulani herdsmen were asked to leave our forests – Akeredolu

20th January 2021
Trader bags 1-year jail term for pirating Bible
National

Trader bags 1-year jail term for pirating Bible

20th January 2021
Ekiti records 20,000 increase in primary school enrolment in 2 years, says Gov Fayemi
National

Ekiti records 20,000 increase in primary school enrolment in 2 years, says Gov Fayemi

20th January 2021
Next Post
We're ready for second wave of COVID - ex-Edo health commissioner Okundia

We're ready for second wave of COVID - ex-Edo health commissioner Okundia

Energy: NIPC launches one-stop information investment platform

Energy: NIPC launches one-stop information investment platform

Fayemi tasks pensioners on adherence to pandemic protocols

Fayemi tasks pensioners on adherence to pandemic protocols

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Highlights

NFL nominates first female referee for Super Bowl

Leicester City lead English Premier League after victory over Chelsea

Tiger Woods has another back surgery

ASUU, Ebonyi Government’s meeting ends in deadlock

Zamfara is not supporting bandits — Commissioner

COVID-19: NCDC registers 1,301 new infections

Trending

Ondo: Only unregistered Fulani herdsmen were asked to leave our forests - Akeredolu
National

Ondo: Only unregistered Fulani herdsmen were asked to leave our forests – Akeredolu

20th January 2021
0

From Bamigbola Gbolagunte, Akure Ondo State Governor Rotimi Akeredolu has said that his government has directed Fulani...

Trader bags 1-year jail term for pirating Bible

Trader bags 1-year jail term for pirating Bible

20th January 2021
Ekiti records 20,000 increase in primary school enrolment in 2 years, says Gov Fayemi

Ekiti records 20,000 increase in primary school enrolment in 2 years, says Gov Fayemi

20th January 2021
NFL nominates first female referee for Super Bowl

NFL nominates first female referee for Super Bowl

20th January 2021
Leicester City lead English Premier League after victory over Chelsea

Leicester City lead English Premier League after victory over Chelsea

20th January 2021
ADVERTISEMENT

Follow us on social media:

Categories

  • Abuja Metro
  • Arts
  • Broken Tongues
  • Business
  • Business Week
  • Cartoons
  • Citizen Joe
  • Columns
  • Cover
  • Culture
  • Duro Onabule
  • Editorial
  • Education Review
  • Effect
  • Elections
  • Entertainment
  • Events
  • Features
  • Femi Adesina
  • Food & Drinks
  • Frank Talk
  • Funke Egbemode
  • Gallery
  • Global Square by Kenneth Okonkwo
  • Health
  • Insights
  • Kalu Leadership Series
  • Kunle Solaja
  • Kunle Solaja
  • Letters
  • Lifeline
  • Lifestyle
  • Literary Review
  • Marketing Matters
  • Muiz Banire
  • National
  • News
  • Offside Musings
  • Opinion
  • oriental news
  • Politics
  • Press Release
  • PressClips
  • Public Sphere
  • Ralph Egbu
  • Shola Oshunkeye
  • Sideview
  • South-west Magazine
  • Sponsored Post
  • Sporting Sun
  • Sports
  • Sun Girl
  • Tea Time
  • The Flipside – Eric Osagie
  • The Sun Awards Live
  • The Sun TV
  • Thoughts & Talks
  • Time Out
  • Today's cover
  • Tola Adeniyi
  • Travel
  • Travel & Tourism
  • Trending
  • TSWeekend
  • Turf Game
  • Uncategorized
  • Updates
  • Views from Abroad
  • Voices
  • World
  • World News
  • Home
  • About Us
  • Paper Ad Rate
  • Online Ad Rate
  • The Team
  • Contact Us
  • Privacy Policy

© 2019 The Sun Nigeria - Managed by Netsera.

No Result
View All Result
  • Home
  • National
  • Columns
    • Broken Tongues
    • Capital Matters
    • Diabetes Corner
    • Duro Onabule
    • Femi Adesina
    • Frank Talk
    • Funke Egbemode
    • Insights
    • Kalu Leadership Series
    • Kunle Solaja
    • Offside Musings
    • PressClips
    • Public Sphere
    • Ralph Egbu
    • Shola Oshunkeye
    • Sideview
    • The Flipside – Eric Osagie
    • Tola Adeniyi
  • Business
  • Politics
  • Entertainment
  • The Sun TV
  • Sporting Sun

© 2019 The Sun Nigeria - Managed by Netsera.

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist