Energy Plc, Nigeria’s leading indigenous energy company, has reaffirmed its commitment to leveraging strategic growth, robust governance, and dedicated talent to drive transformation in Nigeria’s oil and gas sector. Speaking at the Nigerian International Energy Summit (NIES) in Abuja, Chief Executive Officer Mr. Roger Brown underscored the company’s focus on harnessing opportunities within Nigeria’s upstream sector.
Brown, who participated in the panel session titled ‘Transformative Deals and Nigeria’s Upstream Future,’ emphasized the vast potential in Nigeria’s sub-surface energy resources. He reiterated Seplat Energy’s role in unlocking these opportunities, positioning the company as a key driver of economic and energy development in the country.
“With the asset acquisitions we have secured, it is a new dawn for Nigeria and its people. This is an opportunity to develop and transform the nation, and Seplat Energy will play a leading role in this transformation,” Brown stated.
He highlighted the company’s strengths in strategy, governance, and people, noting that Seplat Energy is already aligning with relevant stakeholders to ensure sustainable growth.
Seplat Energy’s Expanding Footprint
Seplat Energy’s acquisition of Mobil Producing Nigeria Unlimited—now renamed Seplat Energy Producing Nigeria Unlimited (SEPNU)—has cemented its position as one of Nigeria’s largest oil and gas producers. As a partner to the government, the company remains committed to enhancing oil and gas production to support national energy security.
“We have built a reputation as a credible operator and responsible steward of Nigeria’s natural resources,” Brown remarked. “Since our dual listing in 2014, international financial markets have continued to show confidence in our business model and operational capabilities.”
Seplat Energy implements best-in-class Well Reservoir and Facility Management (WRFM) practices, optimizing Short Term Oil Generation (STOG) while maximizing value from new wells. These strategies have enabled the company to enhance production efficiency, reduce operational costs, and eliminate unnecessary workovers.
Driving Gas Expansion and Sustainability
Beyond oil production, Brown emphasized the enormous gas potential within Seplat Energy’s asset portfolio. He noted that increased gas development could significantly boost Nigeria’s electricity generation and serve as a catalyst for industrial growth.
“We are committed to sustainability, transparency, and sound governance, which are critical to International Oil Companies (IOCs) when divesting assets,” he said. “As a publicly listed company, we are held to the highest sustainability and governance standards by regulators and investors in Nigeria and abroad.”
Seplat Energy’s adherence to these principles ensures transparency in asset management and environmental stewardship, reinforcing its reputation as a trusted energy leader in Nigeria.
Looking Ahead
Seplat Energy’s strategic vision, coupled with its disciplined governance framework and people-centric approach, continues to drive its industry leadership. As Nigeria’s upstream sector undergoes transformation, the company remains focused on creating long-term value for stakeholders, supporting the nation’s energy agenda, and ensuring a sustainable future.
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