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Lifting of force majeure on export terminal triggers share price rally

Indigenous Nigerian oil producer Seplat (SEPL) is riding high as it recovers lost crude output after force majeure is lifted on the Forcados export terminal in the country.

The company announced on 7 June that as a result it was able to successfully reinstate production from its fields to a level of 56,000 barrels of oil equivalent per day. The shares gained nearly 40% to 107.5p in response.

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