Nigeria, Oct. 30 -- he News Chronicle gathered the great expansion reflects the effects of Seplat's strategic purchase, which considerably boosted its production capacity and financial foundation. Rising year-on-year from $383 million in 2024 to $1.1 billion in 2025, the company's Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) increased by 190%, emphasizing the transformative power of the MPNU assets.



The acquired offshore assets, which comprised OMLs 67, 68, 70, and 104, contributed an average of 77,562 barrels of oil equivalent per day (BOEPD), pushing Seplat's Total output to 135,636 BOEPD-a 185% increase over the prior year. This rise has confirmed Seplat's status as a leading local oil producer in Nigeri...