Seplat migrates OML 4, 38, 41, 53 assets to PIA regime 

Seplat says its subsidiaries, Seplat West and Seplat East, have switched their onshore oil assets to the new Petroleum Industry Act system, replacing the old Petroleum Profit Tax regime. This was disclosed in a corporate filing on the Nigerian Exchange on 23 December 2025, signed by CFO Eleanor Adaralegbe. The switch covers assets formerly under OMLs 4, 38, 41, and 53, which produced an average of 42,591 […] The post Seplat migrates OML 4, 38, 41, 53 assets to PIA regime  appeared first on Nairametrics.