L-R: Stanley Opara, Manager Corporate Communications, Seplat Energy; Mr. Gbenga Omotoso, Lagos State Commissioner for Information & Strategy; and Adebowale Eboda, Associate General Counsel Corporate & Compliance, Seplat Energy at the New Telegraph Newspapers Awards where Seplat Energy clinched the ‘Deal of the Year Award’ in Lagos … on Friday.
Seplat Energy Plc, a leading Nigerian energy company listed on both the Nigerian Exchange Limited and the London Stock Exchange, has been honored with the prestigious ‘Deal of the Year’ Award at the New Telegraph Newspaper Awards. The recognition follows the company’s successful acquisition of Mobil Producing Nigeria Unlimited (MPNU) from ExxonMobil, finalized in December 2024, a transaction that has redefined the Nigerian energy landscape.
The New Telegraph Awards, renowned for celebrating excellence across governance, business, education, and technology, provided a platform to recognize organizations and individuals driving impactful transformation in their respective industries.
Delivering his address at the event, the Managing Director/Editor-in-Chief of New Telegraph Newspaper, Mr. Ayodele Aminu, highlighted the significance of such recognitions. “Tonight, we celebrate not just achievements but the transformative power of dedication, resilience, and the bold strides taken to break barriers. These awards are about the lasting impact of each honoree’s contributions rather than the accolades themselves,” he stated, urging the awardees to continue inspiring others.
For Seplat Energy, the MPNU deal represents a defining milestone, more than doubling its production capacity and firmly positioning it as Nigeria’s leading independent energy company. The acquisition expands Seplat’s portfolio to include equity in 11 oil blocks (onshore and shallow water), 48 producing oil and gas fields, five gas processing facilities, and three export terminals.
With this transaction, Seplat Energy has also secured a 40% operated interest in OML 67, 68, 70, and 104, as well as a 40% stake in the Qua Iboe export terminal and the Yoho Floating Storage and Offloading (FSO) unit. Additionally, the company now holds a 51% interest in the Bonny River Terminal NGL recovery plant and a 9.6% participating interest in the Aneman-Kpono field. Approximately 1,000 staff and 500 contractors have transitioned into the Seplat Energy fold as part of this expansion.
Seplat Energy emphasized that this acquisition aligns with its commitment to delivering sustainable energy solutions for Nigeria, driving growth, and creating long-term value for stakeholders. In its response to the award, the company expressed gratitude to New Telegraph Newspapers for the recognition, commending the media house’s commitment to excellence and professionalism.
“At Seplat Energy, we take pride in our contributions toward enhancing affordable energy access for Nigerians through the responsible development of the nation’s oil and gas resources,” the company stated.
The MPNU acquisition is set to accelerate Seplat Energy’s vision of becoming a key player in Nigeria’s energy transition, reinforcing its mission to provide accessible, reliable, and sustainable energy solutions.
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