Seplat Petroleum Devt Company Q4 2016 & Q1 2017 Results Review – A Change in Fortunes on the Cards

Seplat Petroleum Development Company’s (Seplat) Q1 2017 results were hurt by disruptions to the third-party operated Trans Forcados System (TFS), the company’s major export pipeline route. Seplat posted a loss before tax of –US$18.3m. This marked the fifth consecutive quarter of losses. The TFS which had been out of operation for over 15 months is ...