ABUJA, March 10 (Reuters) - Nigerian energy company Seplatwill announce on Tuesday a $350 million initial public offeringin a dual listing on the London and Lagos stock exchanges, theFinancial Times reported.
Seplat, in which French energy firm Maurel & Prom and Swiss-based trader Mercuria both have minority stakes, willhave a market capitalisation of $1.5-$2 billion, the FT said.
The Nigerian firm announced last year that it would seek adual listing in London and Lagos, and Maurel & Prom also said itis considering a second listing in London.
Seplat pumps around 60,000 barrels per day of oil from its45 percent stake in three blocks in Nigeria's Niger Delta regionit bought from Royal Dutch Shell, Total andEni in 2010.
Seplat is waiting to see if it can close a deal to buy anoil block from Chevron in the Niger Delta but a legaldispute between the U.S. oil major and another Nigerian firmBrittania-U is threatening to scupper the deal.
The block - OML 53 - holds around 310 million barrels of oilequivalent and could sell for around $600 million, sources say.