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Tag: Seplat Energy

  • Seplat Energy seeks responsible operations

    Seplat Energy seeks responsible operations

    Seplat Energy Plc has reaffirmed that oil and gas will remain integral to Nigeria’s energy mix for the foreseeable future, while emphasising the imperative for operators to run their businesses responsibly, efficiently and sustainably.

    The company’s position was outlined by its Director, Gas & New Energy, Okechukwu Mba, who represented Chief Executive Officer, Roger Brown, at a high-level climate roundtable organised by the Nigerian Exchange Group (NGX Group) in partnership with DEG, Germany’s development finance institution, and Africa Foresight Group (AFG), in Lagos.

    Speaking at the forum, Mba said the central question confronting Nigeria’s energy sector is not the continued relevance of oil and gas, but how industry players manage their environmental, social and economic responsibilities.

    “Oil and gas will remain an important part of Nigeria’s energy mix for some time. The real issue is not whether the industry should exist, but how operators conduct themselves responsibly,” he said.

    He noted that responsible operations must go beyond rhetoric and be anchored on measurable actions such as improved efficiency, reduced emissions and credible offsetting strategies.

    Mba explained that Seplat Energy has already translated this commitment into concrete outcomes. He disclosed that the company launched a comprehensive programme several years ago to eliminate routine gas flaring across its onshore assets, adding that all the projects required to achieve this objective had been completed and were currently at the commissioning stage.

    Read Also: Seplat Energy empowers 25 journalists in Imo

    “Very soon, we will be able to state clearly that routine flaring has ended in our onshore operations. This is a significant milestone that reflects our environmental stewardship, while continuing to deliver energy to the nation,” he said.

    He further highlighted the company’s deployment of technology to improve operational efficiency, including real-time emissions monitoring across pipelines, valves, processing plants and other critical infrastructure. This, he said, is complemented by a robust asset integrity programme aimed at identifying and eliminating emissions sources.

    Beyond operational controls, Mba said Seplat Energy is also pursuing nature-based solutions to offset emissions. In one of its host communities in Edo State, the company has launched an afforestation initiative committing to plant millions of trees over a five-year period, with the first phase already completed.

    He also pointed to Seplat Energy’s investments in gas and LPG infrastructure as part of efforts to drive emissions reduction beyond its direct operations. According to him, expanded access to LPG helps reduce dependence on firewood, charcoal and other biomass fuels, particularly in peri-urban and rural communities.

    Following the company’s offshore acquisition, Mba noted that LPG volumes previously exported are now being channelled into the domestic market, significantly improving availability, affordability and overall market quality.

    On the broader energy transition, he underscored the critical role of financing, especially for gas and gas-to-power projects. He noted that while the national grid delivers only about five gigawatts of electricity, a much larger share of power consumption is met through self-generation using petrol and diesel generators, which have far higher emissions.

    “If we replace these inefficient power sources with gas-powered solutions, we can achieve significant decarbonisation. However, without adequate financing, such projects will not materialise and the benefits will be lost,” he said.

    The event also marked the launch of the NGX Net-Zero Programme (N-Zero), an initiative designed to support listed companies in defining credible net-zero pathways, strengthening climate-related disclosures and aligning with global investor expectations. The programme is projected to unlock between $2.5 billion and $3.1 billion in climate-linked capital for Nigerian companies.

    Speaking at the launch, Group Chairman of NGX Group, Umaru Kwairanga, said Africa’s capital markets must play a leading role in advancing climate action and sustainable growth, adding that the N-Zero Programme would help companies move from ambition to measurable impact.

    Also speaking, Group Managing Director of NGX Group, Temi Popoola, noted that climate risk has become a key factor in global valuation and capital allocation decisions, while Monika Beck, a member of the Management Board of DEG, said the partnership aligns with DEG’s strategy of mobilising private capital to accelerate climate action while delivering tangible development outcomes.

  • Seplat Energy empowers 25 journalists in Imo

    Seplat Energy empowers 25 journalists in Imo

    A leading Nigerian indigenous energy company, Seplat Energy Plc, has continued its tradition of empowering the media with knowledge and tools for professional growth through a two-day capacity-building workshop for journalists in Imo State.

    The training, held in Owerri, brought together 25 journalists from both print and electronic media across the state for an intensive learning experience designed to enhance communication, writing, and digital storytelling skills.

    In his opening remarks on behalf of the Director, External Affairs & Social Performance, Chioma Afe, the Manager Corporate Communications, Stanley Opara, reaffirmed the company’s commitment to nurturing media partnerships that promote transparency, accountability, and national development.

     He emphasized Seplat Energy’s role in supporting journalists to adapt to the fast-evolving digital and technological landscape.

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    “We consider excellence as cardinal in everything we do. The critical role of the media in shaping narratives and culture makes it very important to embed global best practice in its delivery. This is what we need to drive development in Nigeria, and Seplat Energy is well aligned on this,” Opara said.

    The Base Manager, Eastern Assets, Mr. Emmanuel Otokhine, encouraged journalists to make the most of the robust training and capacity-building opportunity, advising them to remain spontaneous, adaptable, and open to exploring career prospects that leverage their transferable skills.

    The workshop featured insightful sessions led by Dr. Solomon Avbioroko, who explored the psychology of communication, professional interaction, and the importance of self-awareness in journalism. Participants engaged in interactive exercises and assessments that deepened their understanding of effective storytelling and newsroom productivity.

    Media expert, Nnamdi Uwaemulem, facilitated practical modules on report writing and mobile video journalism (MOJO), introducing participants to the art of creating impactful stories using smartphones, from framing and lighting to mobile editing. His second session, Media Transformation and Emerging Opportunities, examined how digital disruption is reshaping the industry and opened participants’ eyes to new opportunities in media entrepreneurship and content creation.

    Another facilitator, Mr. Abiola Adedeji, guided participants through Understanding Digital Marketing and Social Media Strategy, highlighting how data-driven storytelling and analytics can amplify journalistic impact across platforms like X (formerly Twitter), Instagram, TikTok, and YouTube.

    Participants described the experience as both practical and transformative, commending Seplat Energy for its sustained investment in human capital development. The company’s initiative once again underscores its belief that skilled and informed media remains critical to driving sustainable national development and shaping positive public discourse.

  • Energy access crucial to Nigeria’s growth, says Seplat

    Energy access crucial to Nigeria’s growth, says Seplat

    To build a prosperous and inclusive Nigeria, the nation must prioritise an energy system that is affordable, reliable, and accessible to all, Seplat Energy Plc has said.

    Speaking at the 43rd Annual International Conference and Exhibition of the Nigerian Association of Petroleum Explorationists (NAPE) in Lagos, Seplat Energy’s Chief Operating Officer, Samson Ezugworie, said the goal of national prosperity depends on ensuring universal energy access.

     “The imperative before us is clear. We must build a prosperous Nigeria, and we can only do that with affordable and reliable energy that is accessible to all”, Ezugworie said quoting a company statement signed by the Manager, Corporate Communications, Stanley Opara.

    According to him, Nigeria’s energy deficit remains alarming — over 70 million Nigerians still lack access to electricity, while more than 170 million rely on biomass for cooking. With the country’s population projected to reach 237 million by 2025 and 400 million by 2050, he warned that the need to act is urgent.

     “These challenges mean we must increase oil production — not just to boost government revenue and reduce fiscal shortfalls, but to drive GDP growth that strengthens Nigeria’s role as Africa’s economic powerhouse,” he said.

    Ezugworie emphasized the need to harness Nigeria’s vast gas reserves to expand domestic access, reduce reliance on polluting generators, provide cleaner cooking options, and power local industries.

    Read Also: Seplat Energy empowers journalists

    He noted that the global energy transition is reshaping Nigeria’s oil and gas landscape, as ownership of key assets shifts from international oil companies to indigenous operators. This shift, he said, brings new capital and environmental responsibilities but also opportunities to deepen local participation.

     “With these challenges come opportunities — to enhance local expertise, build resilient partnerships with our industry peers and host communities, and ultimately, build an energy industry owned and managed by Nigerians, for Nigerians,” Ezugworie stated.

    Highlighting Seplat Energy’s strategy, he said the company’s focus rests on three principles: Leadership, Partnership, and Stewardship — values that continue to guide its operations and recent asset acquisitions.

    Ezugworie disclosed that since Seplat took control of its offshore assets, it had rehabilitated 33 wells, with 26 already producing about 33,000 barrels per day, closing part of Nigeria’s production gap.

    He also announced significant progress in the company’s gas business, including near completion of the ANOH Gas Processing Plant and the successful delivery of the first LPG cargoes from the upgraded Sapele Gas Plant.

     “We are on track to end routine flaring in our onshore operations, enabling us to capture and monetize gas while cutting emissions. This is a win-win for Seplat, the environment, and our host communities,” he said.

    Ezugworie described Seplat’s gas initiatives — including ANOH, Sapele, and LPG projects — as part of a broader commitment to national growth.

     “These projects are not just about energy. They are about transforming lives, creating jobs, and powering Nigeria’s development,” he stated.

  • Seplat Energy empowers journalists

    Seplat Energy empowers journalists

    Seplat Energy has concluded the second leg of training for journalists in Lagos, reaffirming its continuous commitment to media excellence and entrepreneurship.

    The training session brought together media professionals from across Nigeria for two days of hands-on learning, expert-led sessions, and transformative insights into the evolving media landscape and entrepreneurship opportunities open to media practitioners.

    The programme was specifically designed for selected correspondents covering the judiciary and energy sectors, as well as general business.

    The Director, External Affairs and Social Performance, Seplat Energy, Mrs. Chioma Yvonne Afe, who spoke at the event, said Seplat Energy is committed to the growth and development of media practitioners, adding that this initiative would have lasting value beyond the company’s core relationship with the media.

    “The importance of this training cannot be overstated. It allows you to deepen your understanding of business principles, explore new revenue models, and leverage digital technologies to expand your reach and impact. By embracing entrepreneurship, you can create sustainable media ventures that inform and educate, empower communities, and contribute to economic development.”

    The programme featured distinguished facilitators and speakers, including: Dr. Solomon Avbioroko, who in his insightful session on “Self Search: Ego State Profile and Impact on Transactional Analysis,” emphasised the importance of networking and self-awareness in entrepreneurial success.

    He encouraged participants to deepen their reading habits and expand their knowledge base, stating that success in business goes beyond financial resources.

    Mrs Uloma Okoro also led a compelling session on “Developing a Business Model and Writing a Winning Business Plan.” She cautioned against launching businesses based solely on support from family or friends and encouraged participants to start businesses based on personal skills or available resources.

    She provided practical examples of business plans and the inevitability of mistakes or failure in entrepreneurship.

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    In his session on financial intelligence, Mr. Olu Onakoya discussed building wealth through smart investment decisions and risk assessment. He emphasised having a clear vision and being disciplined in spending. He shared personal experiences and stressed the importance of understanding business numbers to facilitate better decision-making.

    Mr. Gbenga Omotosho, Lagos State Commissioner for Information and Strategy, addressed challenges faced by journalists today, notably the decline in readership. He urged journalists to uphold neutrality, conduct proper research, and verify their stories before publication.

    In a session on media technology, Mr. Nnamdi Uwaemelulam, a video editor and multimedia producer, emphasised the need for media professionals to embrace evolving technologies. He discussed innovative content formats, cross-platform media habits, and the critical role of personalisation and algorithms.

    Mr. Babajide Adisa, the Lagos State Director of the DSS, spoke on national security, the importance of intelligence gathering, and its legal frameworks. He stressed collaboration among government agencies, media, and the public in the fight against insecurity and terrorism.

    In his session, Professor Pat Utomi shared insights on the entrepreneurial potential of professionals, especially journalists. He described entrepreneurs as individuals with a clear vision who solve problems and fill societal gaps.

    Throughout the programme, participants received practical tools, insightful knowledge, and inspiration to confidently venture into media entrepreneurship. The training combined thought leadership, skill-building workshops, and interactive sessions with brain teasers, fostering a dynamic learning environment tailored to media professionals aspiring to lead and innovate in their fields. The event emphasised self-leadership, mentorship, strategic thinking, and relational intelligence as critical to sustainable business success.

  • Transforming education with STEAM labs

    Transforming education with STEAM labs

    In a world racing toward digital transformation, nations thrive not on what lies beneath their soil, but on the strength of their human capital. In Nigeria, where youth potential is vast but underutilised, a bold initiative by Seplat Energy and NEPL is quietly reshaping the future. By investing in STEAM education, Seplat Energy and NEPL are showing how visionary private sector leadership can reshape Nigeria’s future—laying the foundation for a knowledge-driven economy where classrooms, not oilfields, become the true reservoirs of national wealth, reports Associate Editor ADEKUNLE YUSUF

    In every advanced economy, the most powerful engines of growth aren’t oil rigs or factories—they are educated, innovative minds. A well-nurtured intellect fuels invention, drives productivity, and shapes forward-looking institutions. History is clear: no country has truly escaped poverty or underdevelopment without first investing heavily in its people’s intellectual capital. The nations now leading the Fourth Industrial Revolution—Singapore, Germany, South Korea—began by overhauling their education systems, prioritising science and technology, and cultivating generations of critical thinkers and skilled problem-solvers. In today’s world, where knowledge is currency and creativity sets nations apart, a strong, future-focused education system isn’t just important—it’s essential.

    For Nigeria, the stakes are particularly high. With its fast-growing youth population and rising unemployment, the country sits at a crossroads. Automation and artificial intelligence threaten millions of traditional jobs, while the global economy increasingly rewards those with STEAM (Science, Technology, Engineering, Arts, and Mathematics) capabilities. If Nigeria is to compete and thrive in this knowledge-driven century, it must empower its young citizens with the tools to innovate, adapt, and lead. The road to sustainable prosperity and inclusive development doesn’t start in corporate boardrooms—it begins in classrooms where future builders of the nation are shaped.

    At the intersection of urgency and opportunity, NNPC Exploration and Production Limited (NEPL) and Seplat Energy are quietly transforming the education landscape in Edo State and the wider Niger Delta—not through policy lobbying or white papers, but by equipping classrooms with purpose-built STEAM laboratories. In schools like Niger College, Army Day Secondary School, and Oba Akenzua Secondary School, newly commissioned STEAM labs now hum with potential. Outfitted with modern computers, internet connectivity, and subject-specific learning kits, these are not just rooms filled with technology—they are hubs of imagination and inquiry. Each lab reflects Seplat’s deeper commitment: to go beyond conventional corporate social responsibility and become builders of a smarter, more resilient future.

    These three new labs add to an earlier trio established at Ihogbe College, New Era College, and Edo Boys High School—also in Benin City. In neighbouring Delta State, three more schools—Unity Model Secondary School and Women Affairs Secondary School in Asaba, and Afadia College in Ibusa—have also been fitted with similar innovation hubs. Together, these nine STEAM labs across Edo and Delta States signal more than a philanthropic gesture—they are strategic investments in talent, creativity, and the long-term development of the region’s youth.

    Bridging the STEAM divide

    The significance of this intervention lies not just in its scope, but in its timing. Nigeria stands at a critical juncture, grappling with economic fragility and an underperforming education system. According to the Federal Ministry of Education, fewer than 30 per cent of public secondary schools have functional science laboratories. At the same time, the World Economic Forum warns that while 85 million jobs may disappear globally due to automation, 97 million new roles will be created—most requiring STEAM (Science, Technology, Engineering, Arts, Mathematics) proficiency. The risk? Nigeria may be left behind unless this skills gap is urgently addressed.

    What sets the NEPL and Seplat Energy initiative apart is not just the state-of-the-art labs, but the holistic model behind them. Through the Seplat Teachers Empowerment Programme (STEP), the initiative trains educators to deliver STEAM subjects using modern, experiential techniques. By marrying infrastructure with capacity-building, the programme transforms learning from passive memorisation into active exploration. Though the intervention is local, its implications are national. Nigeria has over 81,000 public secondary schools and millions of untapped young minds. Each well-equipped lab isn’t just a classroom—it’s a launchpad for the engineers, coders, and innovators of the future.

    Collaboration comes with benefits

    This transformation was made possible through deliberate collaboration. At the commissioning of the STEAM laboratories, a broad coalition of state officials, school administrators, and community leaders stood in solidarity. Representing Edo State Governor Monday Okpebholo, Education Commissioner Dr. Emmanuel Paddy Iyamu reaffirmed the government’s resolve to scale up the initiative. Commissioner for Mining, Oil and Gas, Andrew Ijegbai, described the labs as integral to the state’s development strategy. When public and private sectors align around a common vision, real change follows.

    Gone are the days when science was confined to chalkboards and rote memorisation. In these labs, students now experiment, code, and build—bringing learning to life. UNESCO reports that schools with functional STEAM labs see up to a 30% boost in student engagement and academic performance. Principals like Godwin Idemudia of Niger College and Osemwenkhae Ezeilekhae of Army Day Secondary School confirm this impact: students are forming science clubs, designing apps, and solving real-world problems after school. Seplat Energy’s intervention exemplifies strategic philanthropy. This isn’t scattered charity—it’s focused, system-level investment in education. By concentrating efforts on one catalytic sector, the company is generating long-term returns for students, communities, and the broader Nigerian economy.

    Road to competitiveness

    The link between education and national competitiveness is both direct and undeniable. According to the World Bank, every dollar invested in education can yield up to $15 in economic returns. When young people acquire STEAM skills, they’re not just improving their own employment prospects—they’re elevating Nigeria’s position in the global innovation and value chain. This initiative marks a redefinition of corporate citizenship. Seplat Energy is no longer just an oil and gas operator—it is evolving into a nation-builder, investing in human capital as deliberately as it drills for resources. It’s a powerful signal that in today’s world, long-term business success hinges on social relevance and systemic impact.

    Still, the task ahead remains formidable. Nine well-equipped labs are a strong start, but they represent just a sliver of the national need. To achieve meaningful scale, a more structured public-private partnership (PPP) framework is critical—one that offers tax incentives for educational investments, matching grants, and measurable impact metrics. As expansion continues, equity must stay front and centre. Girls remain underrepresented in STEAM fields. Future iterations of Seplat’s programme should prioritise gender inclusion—through mentorship, scholarships, and policies that ensure safe, supportive learning environments for all. That’s how to build not just a skilled workforce, but a just society.

    These STEAM labs are not the endgame—they are the prologue to a larger, transformative story. They challenge policymakers, corporate leaders, and educators to reimagine what is possible. More importantly, they ignite hope—not just among students in Edo and Delta States, but across the nation. In a country as complex and promising as Nigeria, true progress should not be measured by GDP figures or oil revenue. It should be seen in classrooms like these—where future scientists, architects, and innovators are nurtured.

    Nigeria has never lacked potential; what it has often lacked is the infrastructure to unleash it. Seplat’s STEAM labs offer a glimpse of that missing scaffolding—technologically advanced, locally grounded, and globally attuned. If this model is embraced and scaled, it could shift the national education narrative—from one burdened by outdated systems to one propelled by future-focused learning. In these quiet, humming rooms of discovery, Nigeria’s next great export may not come from beneath the ground, but from the minds of its youth. And that, perhaps, is the most powerful investment of all.

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    Operational milestones and strategic developments

    Seplat Energy Plc has announced a remarkable financial and operational performance for the first quarter ended March 31, 2025, posting a revenue of N1.228 trillion, a significant leap from N268.6 billion in the same period last year. The company’s gross profit surged to N535.4 billion, up from N63.8 billion year-on-year, reflecting robust margins and enhanced cost efficiency. Profit before tax (PBT) also rose impressively to N314.6 billion, compared to N103.5 billion in Q1 2024. Seplat’s cash generated from operations grew exponentially to N464.9 billion, up from N25.2 billion, underscoring its strengthened liquidity position.

    Seplat maintained solid production performance, averaging 131,561 barrels of oil equivalent per day (boepd), up 167 percent from 49,258 boepd in Q1 2024, exceeding the midpoint of its 2025 guidance range (120–140 kboepd). Onshore assets contributed 56,196 boepd, representing a 14 percent increase over the same period last year. This includes a 10 percent rise in liquids and a 21 percent jump in gas, driven by strong outputs from the Oben Gas Plant and initial production from the Sapele Gas Plant.

    SEPNU (formerly MPNU) contributed 75,365 boepd, consisting of 88 percent crude and condensates, 4 percent NGL, and 8 percent gas, all within guided expectations. Operational safety remained a priority, with the company recording over 7.3 million man hours without a Lost Time Injury (LTI)—including 2.5 million hours from Seplat’s onshore operations and 4.8 million hours from SEPNU. With strong cash flow, Seplat repaid $250 million of its Revolving Credit Facility, reducing it to $100 million, and raised its quarterly dividend to US 4.6 cents per share, reinforcing investor confidence and its commitment to long-term value delivery.

    Seplat Energy’s Q1 2025 performance was further bolstered by key operational milestones. The SEPNU idle well restoration programme added approximately 11,000 barrels of oil per day (kbopd) in gross JV production from the first 10 wells successfully brought back online. This initiative underscores the company’s focus on unlocking value from existing assets through operational excellence. In another strategic achievement, the Sapele Integrated Gas Plant (SIGP) was commissioned and achieved first commercial gas sales in February 2025. The plant is now delivering high-quality processed gas alongside condensate yields of around 2 kbopd, marking a significant step forward in Seplat’s midstream and gas monetisation strategy.

    During the quarter, the company announced changes to its Board of Directors. Bello Rabiu, Senior Independent Non-Executive Director, and Babs Omotowa, Independent Non-Executive Director, resigned following their appointments to the Board of NNPC Limited. In response, the Seplat Board unanimously appointed Bashirat Odunewu as the new Senior Independent Non-Executive Director, ensuring continued governance strength and leadership continuity.

    Chief Executive Officer, Seplat Energy, Roger Brown, said: “2025 has started positively for Seplat. As we deliver the business at a significantly enhanced scale, our focus is on the successful integration of the combined companies, and I am pleased to report that we are making good progress. It is clear that we can benefit greatly from the combined expertise of our onshore and offshore workforce.”

    He added, “Production has been strong, showing the benefit of the continuous drilling programme, investment in asset integrity and the availability of multiple evacuation routes. Financial performance was also strong, allowing us to be pro-active in materially reducing gross debt, maintaining low balance sheet leverage, and further strengthening our company as the near term global economic outlook becomes less predictable.”

  • Building brighter futures with renewable energy empowerment

    Building brighter futures with renewable energy empowerment

    Seplat Energy, the oil and gas giant, is stepping up its commitment to youth empowerment in Edo State through impactful project design and execution. The NEPL/Seplat Joint Venture (JV) has launched the inaugural edition of its Youth Entrepreneurship Programme (YEP), a skills-building initiative aimed at training Nigeria’s next generation of renewable energy leaders. For the first batch of beneficiaries, the programme marks the beginning of a productive journey toward a brighter, more sustainable future, reports Associate Editor ADEKUNLE YUSUF

    Tackling youth unemployment requires more than isolated interventions; it demands a comprehensive approach that combines quality education, robust vocational training, digital literacy, entrepreneurship, and policies that enable businesses to thrive. Equally vital are strong public–private partnerships, strategic infrastructure investment, and supportive government frameworks that create sustainable pathways for young people.

    Seplat Energy, through the Seplat JV Youth Entrepreneurship Programme (YEP), is demonstrating how these principles translate into impact. YEP, a skills-building initiative of the NNPC Exploration and Production Limited (NEPL)/Seplat Joint Venture, recently celebrated its maiden set of beneficiaries in Edo State. In Ologbo N’ugu, a quiet community in Orhionmwon Local Government Area, the winds of change are blowing — not heralded by fanfare, but by the hum of solar inverters and the spark of ambition. For years, many youths here have endured unemployment and underemployment, watching opportunities drift away like Harmattan haze. But on May 29, 2025, a new chapter began.

    On that day, 53 young men and women stood proudly, not to entertain an audience but to mark their graduation. They were the first cohort of YEP, trained to become leaders in Nigeria’s growing renewable energy sector. For these beneficiaries, graduation meant more than certificates; it marked a launchpad to self-reliance, employability, and the power to create jobs for others. By equipping youth with practical skills in solar technology and entrepreneurship, YEP embodies what’s possible when businesses invest in communities. Programmes like this prove that when the right training, resources, and support systems converge, young people can transform their lives and, by extension, their communities. Through initiatives like YEP, the vision of reducing youth unemployment becomes more than an aspiration — it becomes an unfolding reality.

    A programme rooted in purpose

    At its heart, the Youth Entrepreneurship Programme (YEP) is built on a simple yet transformative belief: equip young people with the right skills and knowledge, and they will, in turn, transform their communities. Delivered in partnership with EtinPower Limited, YEP combines hands-on technical training with flexible digital learning, preparing participants for rewarding careers in renewable energy — with a focus on solar installation and maintenance.

    Over several intensive weeks, beneficiaries navigated a blend of virtual modules and field-based sessions, covering energy efficiency, solar panel installation, maintenance, safety protocols, and the fundamentals of small business development. Beyond teaching how solar power works, the programme instils an entrepreneurial mindset, enabling participants to convert clean energy solutions into viable enterprises. By fostering technical competence and business acumen, YEP empowers a generation poised to drive sustainable development and economic renewal in their communities.

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    “This initiative is not just about providing training,” said Chioma Afe, Director of External Affairs & Social Performance at Seplat Energy. “This initiative is not just about power. It’s about empowering these young people to become self-sufficient, to drive innovation, and to serve as ambassadors of a cleaner, more sustainable Nigeria.” Afe described the 53 graduates as “torchbearers for a new era” — leaders not just for their community, but for the entire state and, indeed, the country’s evolving energy sector.

    Among the 53 graduates, six participants distinguished themselves — not merely through academic excellence, but with ingenuity, discipline, and a clear entrepreneurial vision. Recognised as the programme’s shining examples, they received empowerment grants during the graduation ceremony — seed funding designed to help them launch their own clean energy ventures. For these six, the Youth Entrepreneurship Programme (YEP) was far more than a training experience; it became a true springboard, equipping them with the confidence, resources, and support to transform their ideas into thriving businesses and create opportunities that will ripple across their communities.

    Strategic partnership for impact

    The Youth Entrepreneurship Programme (YEP) owes much of its strength to a strategic alliance with EtinPower, a Nigerian renewable energy firm that infused the initiative with vital layers of quality, structure, and technology. EtinPower contributed deep industry expertise, access to real-world equipment, and exposure to ongoing projects, while the NEPL/Seplat Joint Venture (JV) ensured an unwavering focus on creating sustainable development opportunities for the people of Ologbo N’ugu and beyond.

    Together, they developed a curriculum that is both locally relevant and globally competitive — an essential milestone for Nigeria, where over 85 million people still live without reliable electricity, according to the International Energy Agency (IEA). YEP’s mission dovetails with the United Nations’ Sustainable Development Goals (SDGs) 1, 4, 7, and 8, tackling youth unemployment and energy poverty simultaneously. By equipping young people with marketable skills in solar technology and entrepreneurial thinking, the programme empowers them to create businesses that meet urgent energy needs while generating sustainable livelihoods. It also advances Nigeria’s broader Energy Transition Plan (ETP), launched in 2022, which charts a path to achieving net-zero emissions by 2060.

    The programme’s early success has not gone unnoticed. At the graduation ceremony, Edo State Governor Senator Monday Okpebholo, represented by Hon. Saturday Egbadon, Director General of the Edo State Electrification Agency, lauded the YEP as a model for public–private collaboration in addressing critical social and economic challenges. “I am greatly thrilled by this development,” he said. “It fits perfectly into our developmental agenda — Operation Light Up Edo State. This initiative is critical in our effort to bring sustainable power to every part of the state, especially underserved and rural communities.”

    His sentiments were echoed by Barrister Felix Osewengie, Special Adviser to the Governor on Oil and Gas Matters, who underscored the value of community participation and local resources. He stressed that YEP reflects the administration’s commitment to inclusive development and local content — central pillars of Governor Okpebholo’s governance agenda.

    Views from stakeholders

    Local leaders, too, have recognised the ripple effect of the programme. Chief Gius Eheneden, the Ero of Umughuna, spoke on behalf of the Ologbo N’ugu autonomous community, expressing gratitude for the investment in local youth: “We are delighted at what has happened today,” he said. “We believe this is the beginning of a new dawn in the history of Ologbo N’ugu’s association with the oil and gas industry in Nigeria.” For Chief Eheneden, these youths are no longer passive recipients of aid; they are now active stakeholders in their own futures and, by extension, in the future of their communities.

    The success of the Youth Entrepreneurship Programme (YEP) in Ologbo N’ugu offers a compelling blueprint for other communities across Nigeria. With demand for clean energy rising and nearly half of Nigeria’s population under the age of 19, the potential for a youth-driven renewable energy revolution is immense. By harnessing this demographic dividend, YEP positions young people not merely as job seekers but as catalysts for sustainable development.

    Seplat Energy’s wider community investments — from scholarship schemes to vocational training across Edo, Delta, and Imo States — reinforce its enduring commitment to human capital development. For residents and businesses in Ologbo N’ugu, one reality stands out: the NEPL/Seplat Joint Venture is not only powering homes and enterprises; it is powering possibilities. Through a carefully crafted blend of strategy, partnership, and purpose, YEP is shaping a new narrative for Nigeria — one in which young people generate opportunities rather than wait for them, and where access to energy is created by the very hands it uplifts.

    For the 53 graduates of this maiden edition, the journey has only just begun. Equipped with practical skills, entrepreneurial insight, and the confidence to lead, they now stand at the forefront of a cleaner, more inclusive energy future. Their success is a testament to what becomes possible when vision meets action, and investment in youth becomes investment in the nation’s tomorrow.

    Seplat Energy Plc has announced its audited financial results for the first quarter ended March 31, 2025, showcasing significant year-on-year growth across all key performance metrics. The company reported revenue of N1.228 trillion, a remarkable surge from N268.6 billion in Q1 2024. Gross profit jumped to N535.4 billion, compared to N63.8 billion year-on-year. Cash generated from operations soared to N464.9 billion, up from N25.2 billion in the same period last year. Profit before tax (PBT) also climbed to N314.6 billion, a sharp increase from N103.5 billion year-on-year.

    Seplat Energy delivered robust production and cost performance during the quarter, positioning the company strongly to meet its full-year 2025 guidance. The firm’s healthy cash flow supported an early repayment of $250 million on its Revolving Credit Facility (RCF), reducing it to $100 million. The company also announced an increase in its quarterly dividend to US 4.6 cents per share. Average production stood at 131,561 barrels of oil equivalent per day (boepd), a 167 percent increase from Q1 2024 (49,258 boepd), and comfortably within the company’s 2025 guidance range of 120,000 to 140,000 boepd.

    Operational safety remained a key highlight, with Seplat Energy recording over 7.3 million man-hours without a Lost Time Injury (LTI). This included 2.5 million hours on Seplat’s onshore-operated assets and 4.8 million hours on assets operated by Seplat Energy Producing Nigeria Unlimited (formerly MPNU). Notably, onshore production averaged 56,196 boepd — 14 percent higher than Q1 2024 — driven by a 10 percent rise in liquids and a 21 percent increase in gas output, following strong performance at the Oben Gas Plant and initial contributions from the newly operational Sapele Gas Plant.

    SEPNU delivered a production contribution of 75,365 boepd, in line with guidance, comprising 88% crude and condensate, 4% NGL, and 8% gas. The idle well restoration programme added approximately 11 kbopd gross JV production from the first ten wells brought back onstream. The Sapele Integrated Gas Plant (SIGP) was successfully commissioned, achieving its first commercial gas sales in February 2025. The plant is currently delivering high-quality processed gas with condensate yields of around 2 kbopd.

    In governance updates, Bello Rabiu, Senior Independent Non-Executive Director, and Babs Omotowa, Independent Non-Executive Director, resigned from the Board following their appointment to the NNPC Limited Board. The Board has unanimously appointed Bashirat Odunewu as the new Senior Independent Non-Executive Director.

    Chief Executive Officer, Seplat Energy, Roger Brown, said: “2025 has started positively for Seplat. As we deliver the business at a significantly enhanced scale, our focus is on the successful integration of the combined companies, and I am pleased to report that we are making good progress. It is clear that we can benefit greatly from the combined expertise of our onshore and offshore workforce.”

    He added, “Production has been strong, showing the benefit of the continuous drilling programme, investment in asset integrity and the availability of multiple evacuation routes. Financial performance was also strong, allowing us to be pro-active in materially reducing gross debt, maintaining low balance sheet leverage, and further strengthening our company as the near term global economic outlook becomes less predictable.

    “We remain conservative in our approach, but our confidence in the future trajectory for our business, combined with our strong financial position, means that we are delighted to increase our quarterly dividend to $ 4.6c/share, an 28 per cent increase in our quarterly dividend versus 4Q 2024.”

  • Restoring sight, transforming lives

    Restoring sight, transforming lives

    With a bold mix of compassion and corporate responsibility, Seplat Energy, as part of its Corporate Social Responsibilities (CSR), is restoring vision and transforming lives through its “Eye Can See” initiative. As it uplifts communities with free eye care, the energy giant is also delivering record-breaking financial results—proving that purpose and profit can go hand in hand, reports Associate Editor ADEKUNLE YUSUF

    For any business driven by a heart of gold, one of its core priorities should be giving hope to the hopeless—transforming lives through meaningful impact. When such gestures of goodwill touch real lives, the ripple effects often come in the form of heartfelt appreciation from beneficiaries, inspiring the company to do even more.

    In pursuit of a better and healthier life for the people, the firm, a key player in Nigeria’s energy sector, has taken bold and practical steps to redefine Corporate Social Investment (CSI).

    One area of urgent concern is eye health. As of 2024, an estimated 1.13 million Nigerians aged 40 and above—about 4.2 per cent of that demographic—are living with visual impairment, according to the Coordinator of the National Eye Health Programme at the Federal Ministry of Health and Social Welfare.

    Despite these alarming numbers, access to quality eye care remains limited. Rising to meet this need, Seplat Energy, in partnership with NNPC Exploration and Production Limited (NEPL), has, since 2012, championed the “Eye Can See” initiative—a flagship CSI programme directly addressing the eye care crisis across communities.

    Over the years, the “Eye Can See” programme has steadily evolved into a beacon of hope for thousands, offering free consultations, vision screenings, cataract surgeries, reading glasses and essential health education to underserved communities across Edo, Delta and Imo states. In doing so, it bridges a critical gap in healthcare access—advancing the objectives of the United Nations Sustainable Development Goal (SDG) 3, which promotes good health and well-being for all.

    According to Seplat Energy’s Director of External Affairs and Social Performance Chioma Afe, the sustained success of the initiative is a testament to the enduring collaboration between the company and its Joint Venture partner, NNPC Exploration and Production Limited (NEPL).

    Importantly, all services rendered under the programme are offered entirely free of charge. “Eye Can See” is more than a charitable gesture—it is a powerful demonstration of the long-term value of corporate social investment in Nigeria. By focusing on eye health, the initiative targets a pressing need in host communities, many of which are rural and lack adequate access to medical services. To date, the programme has provided 110,634 eye treatments, distributed 55,382 pairs of reading glasses and successfully performed 4,752 cataract surgeries.

    Beyond the direct medical services, “Eye Can See” also serves as a platform to enlighten participants on the broader implications of eye health. Medical experts have long warned that unmanaged conditions such as hypertension and diabetes can severely impair vision, and even lead to blindness.

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    Dr. Cyril Adams Oshiomhole, the Edo State Commissioner for Health, underscored the importance of this educational aspect of the initiative during the 2025 edition of the programme. He noted that “more than half of the ailments that lead to blindness are treatable, and the ‘Eye Can See’ programme is showing our people that with early intervention, many of these conditions can be prevented.”

    The “Eye Can See” initiative is not merely about restoring vision—it is about transforming lives. By tackling preventable blindness, Seplat Energy is empowering individuals to reclaim their livelihoods, confidence and full participation in society. Restoring sight, in this sense, are both a medical intervention and a catalyst for socio-economic lift.

    For many beneficiaries, this impact is deeply personal and life-changing. For instance, Dennis Laure from Delta State had battled deteriorating vision for over five years. At the 2025 edition of the programme held in Edo State, Laure shared his testimony: “Now, I can see clearly. I can go back to my work and live a normal life. I am very grateful to Seplat for this opportunity,” he said.

    Strengthening partnerships for sustainable impact

    The continued success of the “Eye Can See” initiative rests not only on the firm’s unwavering commitment but also on the strategic partnerships it has cultivated with key stakeholders—ranging from government agencies to traditional institutions and local communities. This collaborative model reinforces the idea that sustainable impact is best achieved through collective effort.

    A striking example of this synergy was evident at the 2025 edition of the programme, where the revered Oba of Benin was represented by the Obakhavbaye of Benin, Chief Raphael Oronsaye. His presence and endorsement served as an affirmation of the programme’s importance and credibility. More importantly, it helped in galvanising the community to access the free services on offer. Such high-level traditional engagement underscores the vital role of local leadership in driving grassroots impact and community ownership.

    Investing in sustainable healthcare solutions

    Seplat Energy is charting a bold path to deepen its impact in Edo State and beyond. As part of its long-term vision for sustainable healthcare delivery, the company is exploring plans to establish a permanent eye hospital in Edo State—a facility that would provide year-round, quality eye care to residents. The proposed hospital would not only meet the immediate medical needs of the population but will also serve as a lasting healthcare solution, eliminating the burden of long-distance travel for eye treatments. It would stand as a beacon of accessible, specialised care.

    This forward-looking approach mirrors an earlier milestone by the Seplat Energy Joint Venture. On October 7, 2024, the JV handed over a fully equipped, state-of-the-art Eye Centre at Sapele Central Hospital to the Delta State Government. The centre was designed to function as a hub for the treatment of all eye-related conditions in the region and has since become a reference point for excellence in eye care.

    By investing in enduring infrastructure such as eye hospitals, the firm continues to move beyond the realm of short-term interventions. The company’s Corporate Social Investment strategy is deliberately built around sustainability, ensuring that its impact resonates far beyond the life of any single programme.

    A model for meaningful change

    The “Eye Can See” initiative stands as a shining example of how corporate social investment can be harnessed not merely as a philanthropic gesture but as a transformative force for good. Through its integrated approach—combining free medical interventions, public health education, and community collaboration—it has shown that businesses can be powerful agents of change when they truly invest in the welfare of their host communities. In empowering individuals to see again, Seplat Energy is also helping communities to envision brighter, healthier futures. And that, perhaps, is the clearest vision of all.

    As Seplat Energy continues to deepen its commitment to eye health and sustainable development, the “Eye Can See” programme stands tall as a gold standard for what effective Corporate Social Investment (CSI) should embody. It combines medical intervention with education, empowerment and infrastructure, making a lasting difference in people’s lives while reinforcing the company’s role as a responsible corporate citizen.

    This deep sense of purpose is mirrored in the firm’s exceptional financial performance, reaffirming that profitability and social responsibility can go hand-in-hand. The firm recently released its audited financial results for the first quarter ended March 31, 2025, showcasing remarkable growth across key performance indicators. The company recorded revenue of N1.228 trillion, a substantial leap from N268.6 billion reported in the same quarter of 2024. Gross profit surged to N535.4 billion from N63.8 billion year-on-year (YoY), while profit before tax rose sharply to N314.6 billion, compared to N103.5 billion YoY.

    Operational cash flow also saw a significant boost, growing from N25.2 billion to N464.9 billion—a testament to Seplat’s efficient operations and financial discipline. These results allowed the company to repay $250 million early, reducing its Revolving Credit Facility to $100 million and enabling an increase in its quarterly dividend to 4.6 cents per share. Production performance was equally impressive. Average production for Q1 2025 stood at 131,561 barrels of oil equivalent per day (boepd), a 167 per cent increase from Q1 2024 (49,258 boepd), and above the midpoint of the company’s 2025 guidance range (120 – 140 kboepd).

    Onshore production contributed 56,196 boepd—14 per cent higher than the same period in 2024—driven by a 10 percent increase in liquids and 21 per cent rise in gas production, thanks to strong performance at the Oben Gas Plant and the inaugural output from the Sapele Gas Plant.

    Offshore operations under Seplat Energy Producing Nigeria Unlimited (SEPNU), formerly Mobil Producing Nigeria Unlimited (MPNU), delivered 75,365 boepd, with a product mix of 88 per cent crude and condensate, four per cent natural gas liquids, and eight per cent gas. SEPNU’s idle well restoration programme added approximately 11,000 barrels per day in gross joint venture output, while the commissioning of the Sapele Integrated Gas Plant (SIGP) marked a major milestone, achieving first commercial gas sales in February 2025 and producing high-quality gas and condensates. The company also reported over 7.3 million man-hours without Lost Time Injury (LTI), a key indicator of its high safety standards—2.5 million from Seplat’s onshore operations and 4.8 million from SEPNU.

    In line with governance transitions, two Independent Non-Executive Directors—Bello Rabiu and Babs Omotowa—resigned from the Board following their appointments to the Board of NNPC Limited. To ensure continuity, Bashirat Odunewu was appointed as the new Senior Independent Non-Executive Director.

    On the Q1 performance, Seplat Energy’s Chief Executive Officer, Roger Brown, noted: “2025 has started positively for Seplat. As we deliver the business at a significantly enhanced scale, our focus is on the successful integration of the combined companies, and I am pleased to report that we are making good progress. We can benefit greatly from the combined expertise of our onshore and offshore workforce.”

    He added: “Production has been strong, showing the benefit of the continuous drilling programme, investment in asset integrity and the availability of multiple evacuation routes. Financial performance was also strong, allowing us to be proactive in materially reducing gross debt, maintaining low balance sheet leverage, and further strengthening our company as the near-term global economic outlook becomes less predictable.

    “We remain conservative in our approach, but our confidence in the future trajectory for our business, combined with our strong financial position, means that we are delighted to increase our quarterly dividend to $ 4.6c/share, a 28 per cent increase in our quarterly dividend versus 4Q 2024. Our assets are high quality, and while we will remain agile to the prevailing oil price environment, our business plan is designed to be robust at lower oil prices and our gas revenues, which are largely delinked to oil prices, provide long-term stability for the business. We are committed to our plan of growth and maximising value for our stakeholders.”

  • Seplat Energy commits to gas revolution

    Seplat Energy commits to gas revolution

    Seplat Energy Plc has reaffirmed its commitment to spearheading Nigeria’s indigenous gas revolution, driven by a vision of energy access for all, powered by gas, rooted in sustainability, and led by local expertise.

    The Managing Director of Seplat Energy Producing Nigeria Unlimited (SEPNU), Oladotun Isiaka, made this declaration during a panel session at the Offshore Technology Conference (OTC) held in Houston, USA. The session, had “Harnessing Nigeria’s Gas Potential for Domestic Utilization and Global Export Market,” as theme was organized by the Petroleum Technology Association of Nigeria (PETAN).

    Isiaka emphasised the need for stronger collaboration across the entire gas value chain to transform Nigeria’s vast gas resources into economic prosperity. He noted that Nigeria holds a strategic advantage in leveraging its gas reserves for both domestic development and international competitiveness. As a leading Nigerian independent energy company, Seplat Energy is making significant operational and investment commitments to the domestic gas sector, he said.

    He further stressed the importance of indigenous leadership, underpinned by supportive policies and financing structures, as vital to the growth of Nigeria’s gas sector.

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    According to Isiaka, Seplat is pursuing a Nigeria-focused growth strategy and is well-positioned to participate in upcoming divestment opportunities by international oil companies, as well as farm-in arrangements and licensing rounds.

    Highlighting the company’s role in domestic gas supply, Isiaka stated that Seplat is one of the largest suppliers of processed gas in Nigeria. The company operates the Oben and Sapele gas processing plants, which have a combined capacity of over 300 million standard cubic feet per day (MMscfd), supplying about 30per cent of the gas used in the country’s gas-fired power generation.

    Seplat is also advancing the ANOH Gas Processing Plant, a 300 MMscfd facility scheduled for completion in 2025. The project is a 50-50 joint venture between Seplat Energy and the Nigerian Gas Infrastructure Company (NGIC), a subsidiary of the Nigerian National Petroleum Company Ltd (NNPC Ltd).

    Additionally, the company’s offshore gas resources present significant opportunities for development to serve both domestic and export markets, given their proximity to existing infrastructure.

    Beyond gas production, Seplat Energy is contributing to Nigeria’s Decade of Gas initiative through investments in Compressed Natural Gas (CNG) for transportation, Liquefied Petroleum Gas (LPG) for clean cooking, and electrification projects in underserved communities.

    “Nigeria has over 200 trillion cubic feet of proven gas reserves, ranking among the top 10 globally. The country stands at a critical juncture—to utilize gas in powering its population, driving industrialization, and securing a place in the global gas market. At Seplat, we believe gas is more than a transition fuel—it is the engine for Nigeria’s energy growth,” Isiaka stated.

    He added that gas must replace biomass and diesel, which are still widely used in Nigeria for cooking and power generation, respectively.

  • Seplat Energy, NNPCL launch eye care campaign in Imo State

    Seplat Energy, NNPCL launch eye care campaign in Imo State

    Seplat Energy and its joint venture partners, Nigerian National Petroleum Company Limited (NNPCL), have flagged off the 2025 edition of its flagship healthcare initiative, ‘Eye Can See’, in Owerri, Imo State capital.

    The opening ceremony of the programme, which was held at the Full Moon Hotel, Owerri, provided free eye care services, cataract surgeries, and reading glasses to thousands of residents, especially the underserved and vulnerable.

    This marks another impactful chapter in Seplat Energy’s long-standing mission of delivering sustainable social investments across its host communities; of which the intervention speaks to the United Nations Sustainable Development Goal (SDG) 3, which aims to “Ensure healthy lives and promote well-being for all at all ages”.

    Speaking at the flag-off ceremony, Managing Director, Seplat East Onshore Limited, Ibi-Ada Itotoi highlighted the core objective of the initiative, stating that the “Eye Can See” programme embodies the very spirit of Seplat Energy’s commitment to sustainable development, inclusive healthcare, and meaningful corporate social investment.

     “At Seplat Energy, we believe that true corporate success is measured not only by financial performance, but by the positive and enduring impact we create in the lives of the people and communities we serve. Our approach to Corporate Social Investment (CSI) is rooted in the conviction that business must be a force for good, driving progress, equity, and well-being for all.”

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    Emmanuel Otokhine, Base Manager, Eastern Asset, Seplat Energy, represented Itotoi as well as Chioma Afe, Director External Affairs & Social Performance, Seplat Energy at the opening ceremony.

    In her remarks, Afe said: “Today, we celebrate one of our flagship healthcare initiatives: the “Eye Can See” programme. Since its inception in 2012, this initiative—delivered in partnership with the NNPCL—has provided free, comprehensive eye care to over 22,084 patients, performed 726 life-changing eye surgeries, and distributed  12,307 prescription glasses.”

    In addition to medical services, beneficiaries also receive awareness materials on daily eye care practices and early warning signs of visual impairment, promoting a culture of preventive health behaviour.

    Chief Upstream Investment Officer, NNPC Upstream Investment Management Services (NUIMS),  Engr. Seyi Omotowa, was represented at the ceremony by Mrs. Wilson Halimat, Senior Adviser, Government Relations, NUIMS.

    According to Omotowa, “We are here to connect to our primary constituents in the bid to consolidate on our sustainability efforts. These efforts have shaped many lives, and there are still much more to be done. This speaks to our continuous commitment and pursuit in sharing heath-related knowledge and resources to help our people and ensure their well-being.

    Emeka Mgbudem, Honorable Commissioner, Imo State Ministry of Petroleum and Natural Gas Development, said Seplat Energy and the NNPCL have “given us the opportunity to experience what is known as true impact. They are changing the narratives. This is not an ordinary act of charity, but commitment. Through this programme, the underprivileged and underserved are being reached.”

    Acting Permanent Secretary, Ministry of Health, Imo State, Dr. Austin Okeji, who represented his commissioner, expressed desire of the state government to continuously partner with focused and progressive-minded establishments like Seplat Energy and NNPCL in line with the vision of the 3R mantra of the Imo State government.

    Chairman of Imo House of Assembly Committee on Oil and Gas, Mr. Francis Osuoha, described the initiative as commendable and encouraged Seplat Energy to continue and consolidate on the intervention.

    A beneficiary, Mrs. Veronica Okereke, 73, from Mbaitoli, thanked Seplat for her free surgery and prayed for divine blessings on the company’s efforts.

    Another beneficiary, Mr. Charles Njoku, who had cataract surgery, expressed gratitude to Seplat Energy for the company’s thoughtful intervention.

    The ‘Eye Can See’ initiative not only restores sight but also enhances economic productivity by helping people return to work, education, and family life without the burden of untreated vision problems.

    As Seplat Energy and the NNPCL deepen their commitment to community development, the ‘Eye Can See’ initiative remains a powerful example of corporate social invetment that delivers tangible and lasting value, especially in the face of healthcare gaps across Nigeria.

  • Seplat Energy becomes EITI supporting company

    Seplat Energy becomes EITI supporting company

    Seplat Energy Plc, Nigeria’s leading indigenous energy company, has officially joined the Extractive Industries Transparency Initiative (EITI) as a Supporting Company in 2024. This move reinforces the company’s commitment to transparency, accountability, and global best practices, a milestone recognized on the EITI website and communication platforms.

    In a statement, the Director, External Affairs and Social Performance, Chioma Afe said as an EITI Supporting Company, Seplat Energy would actively promote transparency in the extractive sector while contributing to the development of international governance standards, the company announced in a statement on Thursday. This affiliation she said would enhance the company’s corporate credibility, strengthens its financial position, and fosters deeper engagement with governments, industry peers, and civil society.

    According to Afe, by supporting EITI, Seplat Energy has demonstrated industry leadership, improves access to finance through transparent reporting, and stays ahead of evolving investor and regulatory expectations. The affiliation, she added would also foster trust and reinforces the company’s dedication to responsible business practices.

    “On a local scale, the EITI framework benefits the company by strengthening its social license to operate, mitigating investment risks, and supporting capacity-building initiatives. The initiative ensures a level playing field in the industry and promotes collaboration with key stakeholders.

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    By aligning with EITI standards, Seplat Energy continues to drive sustainable development in the energy sector while upholding principles of transparency, integrity, and long-term value creation”, Afe stated.

    She said the company would continue to pursue a Nigeria focused growth strategy and was well-positioned to participate in future divestment programmes by the international oil companies, farm-in opportunities and future licensing rounds.

    The Director, External Affairs and Social Performance said Seplat Energy’s Board of Directors would remain committed to sound corporate governance, ensuring compliance with Nigerian and UK corporate governance regulations as well as international best practices.

    The Board will adhere to the Corporate Governance Guidelines issued by the Securities and Exchange Commission, the Nigerian Code of Corporate Governance 2018, and the UK Corporate Governance Code 2024, issued by the UK Financial Reporting Council, Afe added.