Nigerian oil company Seplat said on Wednesday it had taken a final investment decision to develop gas fields in the country’s Imo state and would raise $700 million for the venture in partnership with state-owned NNPC.

Seplat Chairman and co-founder A.B.C Orjiako told Reuters during a visit to London a decision had been taken to develop the Assa north and Ohaji south gas fields. He said the company was deepening its operations in the sector.