RE: SEPL - OB31 Oct 2023 00:32
Seems to be a common theme with seplat giving incredibly unrealistic timelines for when projects will be finished, they did this with the aep pipeline as well which was constantly delayed and came in 2 years behind schedule. The nnpc urging contractors to finish by december means if we're lucky it'll be completed q2 next year, there's zero chance they complete it by the end of the year. Then there is months more for commissioning, teething problems etc. I foresee little to no revenue from anoh for all of 2024, this is a 2025 story.