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Tag: Seplat

  • Seplat’s gas projects to bridge energy gap

    Seplat’s gas projects to bridge energy gap

    Seplat Energy Plc, has said it would rise to the challenge of energy deficit in Nigeria through its new critical projects, which are capable of taking the company’s gas processing capacity to 850 Million standard cubic feet per day (MMscfd) consolidating the company’s position as a leading gas supplier to the Nigerian market.

    The Director, New Energy, Seplat Energy, Okechukwu Mba, said this while delivering a keynote address at the ongoing Society of Petroleum Engineers (SPE) Nigerian Council’s 47th Nigeria Annual International Conference & Exhibition (NAICE), in Lagos.

    According to the Director, the company is pursuing a Nigeria focused growth strategy and is well-positioned to participate in future divestment programmes by the international oil companies, farm-in opportunities and future licensing rounds.  For further information please refer to the company

    Mba, who represented the Chief Executive Officer (CEO) of the company, Roger Brown, spoke on the Conference theme: “Petroleum Industry Value Chain Optimization: The Inevitability of Midstream and Downstream Development”.

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    He said the company’s new $700m ANOH gas project in Imo State, with a capacity of 300MMscfd of gas in addition to Liquefied Petroleum Ga (LPG) would greatly boost domestic gas supply.

    “Also completing a new 85MMscfd gas plant in Sapele Delta state expected to come on stream by Q4 this year. These new projects bring Seplat Energy’s gas processing capacity to 850MMscfd consolidating our position as a leading gas supplier to the domestic market,” Mba noted.

    He said Seplat energy was also looking to invest in Compressed Natural gas (CNG) projects in support of the government’s CNG initiative, adding that: “When we receive approval for the MPNU transaction, we intend to promptly develop the significant gas resources in the asset to further enhance Nigeria’s energy security.”

    Currently, the country is experiencing insufficient supply of electricity from the national grid (about 4GW daily); very low electricity usage per-capita (with some Nigerians with no access to energy); insufficient supply of gas to some power plants; and with a bulk of electricity used in Nigeria generated off-grid at two or three times the cost of generation using gas turbines.

    To this end, Mba said: “We need to develop our abundant gas resources and deliver sufficient gas to the power sector for energy security. Gas is an affordable and reliable source of energy. Incentives provided in the recent Executive Orders as well as recent review of Domestic Gas Delivery Obligation (DGDO) gas prices are commendable.

     “Current reforms in the power sector need to be sustained like tariff increase, bilateral power trading between power Generation Company (GenCos) and power distribution companies (DisCos). Key gas infrastructure like the Obiafu-Obrikom-Oben (OB3), The Ajaokuta-Kaduna-Kano (AKK) gas pipelines, and so on, should be delivered”.

  • Seplat donates STEAM labs to Edo public schools

    Seplat donates STEAM labs to Edo public schools

    An indigenous leading energy company, with a strategic focus on Nigeria, Seplat Energy Plc, has unveiled two more Science, Technology, Engineering, Arts, and Mathematics (STEAM) laboratories at Edo Boys’ High School and New Era College, both in Benin, Edo State.

    The Director of External Affairs and Social Performance, Seplat Energy, Chioma Afe, who was represented by the energy giant’s Senior Manager, Corporate Social Investment and Performance, Esther Icha, noted that the laboratories were supported by the NNPC Exploration and Production Limited (NEPL)/Seplat Energy Joint Venture (JV).

    Afe said: “Our commitment to education is unwavering, and we are thrilled to collaborate with the Edo State Ministry of Education to provide quality education in the state.

    “These STEAM laboratories are designed to foster the development of critical thinking, problem-solving, and innovative skills among the students, preparing them for the challenges of the 21st century.

    “The STEAM approach to learning is a holistic and interdisciplinary initiative that encourages students to explore the connections between different subjects, igniting their curiosity and creativity.”

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    Edo Commissioner for Education, Dr. Joan Oviawe, who was represented by the Functioning Permanent Secretary, Edo Ministry of Education, Ero Ugiagbe, in her remarks, stated that Seplat energy’s commitment to empowering the next generation was truly commendable.

    Oviawe said: “The three STEAM laboratories that you (Seplat) have built and equipped are testaments to your dedication to innovation and education. Your generosity will have a lasting impact on the lives of countless students, providing them with the platform to exploit, learn and bloom.

    “Your contribution to the development of STEAM education in our community is invaluable. We extend our heartfelt gratitude to Seplat for this remarkable feat. Your investment in our future is a beacon of hope and a reminder that collective effort can lead to remarkable achievements.”

    The Principal of Edo Boys High School, Christy Ebewele, and her counterpart of New Era College, Osaretin Uwaifo, appreciated Seplat energy and the NNPCL for generously donating the state-of-the-art facilities to their schools.

    Ebewele and Uwaifo also assured that the facilities would be put to maximum use, and to achieve the purpose for which they were provided.

  • Edo public school wins Seplat’s quiz, N10m

    Edo public school wins Seplat’s quiz, N10m

    A public secondary school in Edo State, Imaguero College, Benin, has made history as the first public school to win the NNPC Exploration and Production Limited (NEPL)/Seplat Joint Venture (JV) PEARLs quiz competition in its 13th edition.

    Imaguero college also won N10 million for a school project, and scholarship of N100,000 each for the three participating students, with the quiz competition aiming to encourage, inspire and reward students for their teamwork and scholarship.

    Marble Hill School, Asaba, Delta State, emerged second, winning N5 million for a project and N75,000 scholarship for each of the three participating students, while Baptist High School, Benin came third, receiving N3 million for a project and N50,000 scholarship for each of the three participating students.

    The teachers from schools that reached the competition stage received laptops for their hard work and dedication, while the grand finale in Benin was attended by secondary schools from Edo and Delta states.

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    Edo Commissioner for Education, Joan Oviawe, hailed Seplat Energy PLC for the initiative, while Delta Commissioner for Works (Rural and Riverine), Charles Aniagwu, said the energy giant was making efforts in fostering growth and development in both states.

    The Base Manager, Western Asset, Seplat Energy, Emmanuel Otokhine, who represented the Managing Director, Seplat West Limited, Ayodele Olatunde, said the company was committed to investing in the education sector. 

    NEPL’s Community Relations Manager, Owunari Tomikeimeye, who represented the company’s Managing Director, NEPL, Nicholas Foucast, congratulated the winners and all competitors.

  • Empowering communities key to stability in energy sector, says Seplat

    Empowering communities key to stability in energy sector, says Seplat

    Seplat Energy Plc has said the execution of corporate social investment (CSI) programmes in oil and gas producing communities as well as empowerment of their people are capable of promoting stability in the energy sector and ensuring security of critical national assets. 

    Chief Operating Officer, Seplat Energy, Mr. Samson Ezugworie said this during the Society of Petroleum  Engineers Oloibiri Lecture Series and Energy Forum (SPE OLEF) 2024 organised by SPE Nigeria Council in Abuja. The theme of this year’s SPE OLEF is Stability in the Energy Sector: Integrated Strategies for Infrastructure, Transportation and Security.

    Ezugworie, who spoke during the energy forum discussion session, said operators and the energy industry at large must refocus on sustainability and think long-term.

    “In tackling security and ensuring stability in our industry, we must “think sustainability” and operate responsibly. In doing this, we must collaborate; as we can impact our people and communities more collaboratively,” Ezugworie said.

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    Identifying the various social investment programmes executed by Seplat Energy yearly in communities where it has operations, Ezugworie said health, educational, infrastructural and skills/knowledge interventions are executed as part and parcel of business strategy, which is in tune with Seplat Energy’s sustainability journey.

    He added that Seplat Energy also executes projects targeted at solving energy problems for the communities and increasing energy access for the people.

    “Operators should be very intentional about these interventions. They don’t come by chance. The idea is to continue to service our partnership with our communities.

    “If you keep people empowered and included, they will find less reasons to be agitated or violent. Of course, they will become your partners and show willingness to work with you for the common good of all,” Ezugworie said.

    He commended the Nigerian National Petroleum Company Limited (NNPCL) and the government for their efforts in securing the oil and gas assets in the country, adding that there are opportunities to do more to further ensure a more stable industry.

    Particularly, Ezugworie commended the government for the recently signed three Executive Orders on the oil and gas sector, identifying the action as a needed step in the right direction.

    Identifying investment inflows in the energy sector as also critical in driving stability, he said the company’s ANOH gas plant, which achieved mechanical completion in December 2023, will be a major game changer. First gas from the ANOH plant is expected this year, which will make Seplat Energy a leading domestic supplier of gas. The ANOH gas plant will provide feedstock for the OB3 pipeline nearing completion.

     He also identified the divestment programmes of the international oil companies (IOC) as also key in the quest to stabilise the country’s oil and gas sector, saying successful completion of the programmes are capable of creating and retaining more value for the industry and the Nigerian economy at large as is evident in success stories of Seplat Energy and other indigenous operators that have recorded giant strides over the years.

    Stressing the need for Nigeria to secure its critical national assets like oil and gas pipelines, Ezugworie said pipeline inspections via sensors, drones and robots, amongst others, are essential. Despite the fact that these technologies can detect and locate defects, anomalies, and threats in real time, and provide data and feedback for maintenance and repair, Ezugworie said there is the need for improved response time to actually address the challenges.

    “If you look at what the NNPCL is doing today to combat oil theft, you will see that the journey has already started. The platforms have been built for the collaboration among stakeholders to thrive. But we still see some of these threats recurring.

    “In the area of collaboration, we need to improve more when it comes to intelligence sharing. Strong collaboration between government agencies is also very key. The relationship between these government agencies should be very cordial to boost response time when the need arises. Implementing these strategies will significantly improve collaboration between security agencies and industry stakeholders in Nigeria, leading to better intelligence sharing, coordinated response efforts, and enhanced security outcomes,” Ezugworie said.

  • Seplat appoints Udoma non-executive chair

    Seplat appoints Udoma non-executive chair

    Seplat Energy has announced the appointment of Udoma Udo Udoma as the Company’s new Independent Non-Executive Chairman. He succeeds Mr. Basil Omiyi who will retire on March 31.

    Udo Udoma’s appointment was approved after a unanimous vote by Directors of Seplat Energy, in compliance with the Nigerian Companies and Allied Matters Act (“CAMA”) 2020 and is effective April 1, 2024.

    Seplat Energy also announced the appointment of Mr. Bello Rabiu as the new Senior Independent Non- Executive Director effective April 1, 2024, to succeed Dr. Charles Okeahalam who will be retiring March 31.

    These appointments are in line with the Board Succession Forward Plan announced through Corporate Announcement on April 25, 2023 (RNS: 3575X) and through a subsequent Corporate Announcement on November 1, 2023 (RNS: 0096S) wherein it was announced that Mr. Basil Omiyi and Dr Charles Okeahalam will retire from the Board on March 31, 2024.  These appointments further demonstrate the commitment of the Board to upholding its strong corporate governance culture and in establishing a truly independent Board.

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    Commenting on the appointments, Basil Omiyi, the Chairman of Seplat Energy, said: “Seplat Energy’s commitment to strong corporate governance remains unwavering and is demonstrated by the recent appointment of Mr. Udoma Udo Udoma and Mr. Bello Rabiu as the new chairman signed respectively.

    “We are confident that under their guidance, Seplat Energy will continue to expand and consolidate its position as Nigeria’s leading energy company and the partner of choice to deliver energy transition for Africa’s largest economy and its rapidly growing population”, he expressed.

  • Seplat’s ANOH gas plant attains mechanical completion

    Seplat’s ANOH gas plant attains mechanical completion

    Seplat Energy Plc has announced the mechanical completion of its ANOH gas plant.

    In a statement, its Director, External Affairs and Social Performance, Chioma Afe, yesterday, said the completion was reached last December 29, in tandem with the  timeline.

    She said the milestone was achieved without a single recordable Lost Time Incident (LTI) across 11 million man hours, “a testament to the focus of the whole team on safe and secure operations”.

    “The ANOH Gas Processing Company (AGPC), an incorporated joint venture between Seplat Energy and NNPC Gas Infrastructure Company (NGIC) Limited, is delivering the ANOH gas plant with Phase One processing capacity of 300mmscfd.

    “Upon commencement of operations, the plant will deliver dry gas, condensate, and LPG to customers,” she said.

    The energy supplier director explained it’s envisaged that AGPC will sell the gas and LPG domestically, and the condensates to the international market.

    Other key steps to first gas, as outlined in the company’s interim results announcement, were the drilling and hook-up of the upstream wells and completion of essential third-party infrastructure: the OB3 pipeline river crossing and the Spur Line connecting OB3 to the gas plant inclusive.

    Read Also: STEAM helps creativity, says Seplat director

    “Completion of the third well (ASSN-05) was previously announced and the fourth and final well (ASSN-06) planned ahead of first gas has also now been completed by the upstream unit operator, SPDC.

    “We now look forward to the completion of the necessary plant pre-commissioning activities and essential third-party infrastructure which will enable commissioning of the gas plant and commencement of operations,” she added.

    Afe also noted the “previously communicated guidance for first gas” of the Nigerian independent oil and gas company listed on both the London and Nigerian Stock Exchanges with assets in the Niger Delta remains “unchanged.”

    Correspondingly, Seplat Energy Chief Executive Officer, Roger Brown, declared ANOH remained an important strategic project for the company as it’ll roughly double its gas production while assuring the organisation’s commitment to stay focused on the path of first gas.

  • STEAM helps creativity, says Seplat director

    STEAM helps creativity, says Seplat director

    Seplat Director, External Affairs and Sustainability, Chioma Afe, has disclosed that the oil and gas giant’s Science, Technology, Engineering, Arts and Mathematics (STEAM) initiative will always help creativity.

    She also stated that STEAM was to improve self-awareness and knowledge of teachers.

    Afe made the disclosure at the 4th Seplat Teachers Empowerment Programme (STEP) in Benin, the Edo State capital.

    Over 350 teachers, drawn from Edo and Delta States, were trained by Seplat/NNPC Exploration and Production (E&P) at the well-attended programme, geared towards equipping teachers with skills to effectively deliver knowledge to students in STEAM.

    Seplat’s director, external affairs and sustainability, said: “We want to re-orient our teachers. STEAM helps creativity. We can teach science to students creatively.

    “Teachers’ leadership is the process where our tutors collaborate with others to improve teaching, in order to impact teachers.”

    Afe also stated that the programme enabled teachers to become advocates for their profession.

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    The Adviser, Community Relations, Mr. Owunari Levi, who represented the Managing Director of NNPC E&P Limited, in his speech, hailed Seplat for its support for the sustained growth and progress of the company’s oil and gas exploration pursuits.

    He said: “It is our pleasure as an organisation, in partnership with SEPLAT, to roll out the STEP for our host communities.

    “The programme is one of our Corporate Social Responsibility (CSR) initiatives, designed to provide and build the capacity of teachers residing in NNPC E&P Limited/SEPLAT operational communities.

    “The CSR initiative aims to promote quality education in Nigeria, through the training of secondary school teachers in critical thinking, leadership and improving their competence to teach students through STEAM methodology.”

    One of the beneficiaries of the training, Beauty Atsenuwa, stated that she was much better than when she came for the programme, while another beneficiary, Precious Awarita, declared that Seplat was now running in her veins, while they both expressed gratitude for the privilege.

  • Seplat eyes completion of 160,000 bopd Amukpe-Escravos pipeline

    Seplat Petroleum Development Company Limited is hopeful of bringing on stream its Amukpe-to-Escravos pipeline before the end of this year.

    The company said the 160,000 barrels of oil per day (bopd) pipeline is at the commissioning phase, with hydro testing which began  early July. Completion and export of oil to the permitted capacity of 40,000 bopd is expected in the fourth quarter (Q4) of the year, it added.

    According to a document made available to The Nation, the company’s policy of creating multiple export routes for its assets has resulted in it actively pursuing alternative crude oil evacuation options for production at oil mining leases (OMLs) 4, 38 and 41 and potential strategies to further grow and diversify production to reduce any over-reliance on one particular third party operated export system.

    To add to the Trans Forcados Pipeline system and the backup export via the Warri refinery, the Amukpe to Escravos 160,000 bopd capacity pipeline is set to provide a third export option for liquids production at OMLs 4, 38 and 41. The pipeline owners, National Petroleum Investment Management Services (NAPIMS), a 100 per cent subsidiary of the Nigerian National Petroleum Corporation (NNPC), Pan Ocean Corporation Limited (Pan Ocean) and the pipeline contractor FENOG are responsible for completion of the pipeline, which has seen delays to date.

    The completion of the project is in sight. The hydro testing of the 20 inch pipeline, which involves pigging to remove any debris which has accumulated in the construction, followed by flowing water under pressure from the injection point at Amukpe to the Escravos terminal began  in early July, and the current flow rates have confirmed the integrity of the pipeline.

    Final works within the Escravos terminal are underway, which includes the tie-in of the LACT measurement unit into the Chevron control system and with commissioning expected to be completed during the third quarter (Q3) of this year with export of oil to the permitted capacity of 40,000 bopd in Q4 of 2019, the company said.

    According to the management, it is Seplat’s ultimate intention to utilise all three independent export options to ensure there is adequate redundancy in evacuation routes, reducing downtime which has adversely affected the business over a number of years, significantly de-risking the distribution of production to market.

    Also, the management noted that in first half of this year (H1 2019, Seplat lifted and monetised an equivalent of 266,000 barrels of oil from OML 55, which resulted in a receipt of $17million. As a result of this, the carrying value of the investment in the balance sheet was consequently reduced to $150million.

    “Alongside its oil business, the company has also prioritised the commercialisation and development of the substantial gas reserves and resources identified at its blocks and is today a leading supplier of processed natural gas to the domestic market in Nigeria.

    “With overall operated gas processing capacity standing at 525 million standard cubic feet per day  (MMscfd), the company is actively engaged with counterparties to increase contracted gas sales with the intention of taking gross production towards the 400 MMscfd level on a consistent basis. Of the 525 MMscfd total processing capacity, 465 MMscfd is located at Oben with the remaining 60 MMscfd located at Sapele. The 375 MMscfd expansion at Oben (Phases I and II) was completed by Seplat as a 100 per cent investment project. The gas processing capacity expansion is also designed to allow the company to accept third party gas and receive a processing tariff,” the management added.

    On its balance sheet and cash flow generation, the company said that cash at bank as at 30 June 2019 was $433 million; gross debt $350 million and net cash $83 million with $225 million un-drawn headroom on the four-year revolving credit facility.

    Net cash flow from operations in H1 2019 stood at US$255 million as against capital expenditure (capex) of US$28 million while full year 2019 capex guidance was revised downwards to US$150 million.

  • Seplat makes case for ANOH gas at LSE

    Seplat Petroleum Development Company Plc has identified the Assa North-Ohaji South (ANOH) gas processing project as very bankable and capable of boosting the country’s domestic gas supply.

    A Seplat team led by the company’s Chief Executive Officer, Mr. Austin Avuru, gave a presentation on the company’s gas business to investors, sector and financial analysts during its Capital Markets Day at the London Stock Exchange (LSE).

    Seplat’s Chief Financial Officer, Roger Brown said the forum was organised to appraise investors of the company’s gas business with emphasis on the ANOH gas processing project.

    In a presentation titled: “Stability, performance, growth”, the team of six presenters provided the audience with comprehensive information on the company’s gas business, market outlook and anticipated ANOH growth trajectory.

    The ANOH gas processing project is managed by Anoh Gas Processing Company (AGPC), an incorporated joint venture (IJV) between Seplat and the  Nigerian Gas Company. AGPC shall develop a 300 Mscfd midstream plant on OML 53 to process future wet gas production from the upstream unit.

    During his introductory presentation, vuru highlighted that the ANOH gas processing plant will be the first stand-alone midstream joint venture business between the Nigerian National petroleum Corporation (NNPC) and a company in the private sector.

    With the ANOH project, Seplat aims to be the largest supplier of gas to the domestic market. The Seplat CEO added: “By the time we commission the ANOH project, we will be able to produce 850 Mscfd.

    “Overall, the gas business was not attractive in 2010 and some years after. Seplat however took a conscious decision to invest in the gas business upon the price of gas inching up as ‘willing buyer willing seller’ commercial terms became possible. The company is uniquely situated within existing gas pipeline network, and therefore leveraged on this to significantly expand its Oben gas plant.

    “The revenue from the expanded Oben gas plant has been impressive motivating the company to seek further investment in gas.”

    He explained that the company’s gas is for the domestic market, saying that Nigeria has a notable population which is projected to continue to grow to 450 million people by 2050.

  • Seplat makes case for ANOH gas project at LSE

    Seplat Petroleum Development Company Plc has identified the Assa North-Ohaji South (ANOH) gas processing project as very bankable and capable of boosting Nigeria’s domestic gas supply.

    A Seplat team led by the company’s Chief Executive Officer, Mr. Austin Avuru, gave an in-depth presentation on the company’s gas business to investors, sector and financial analysts during its Capital Markets Day at the London Stock Exchange.

    Seplat’s Chief Financial Officer, Roger Brown said the forum was organised to appraise investors of the company’s gas business with emphasis on the ANOH gas processing project.

    In a presentation titled ‘Stability, Performance, Growth,’ the team of six presenters provided the audience with comprehensive information on the company’s existing gas business, market outlook and anticipated ANOH growth trajectory.

    The ANOH gas processing project is managed by Anoh Gas Processing Company (AGPC), an incorporated joint venture (IJV) between Seplat and the  Nigerian Gas Company. AGPC shall develop a 300 Mscfd midstream plant on OML 53 to process future wet gas production from the upstream unit.

    During his introductory presentation, vuru highlighted that the ANOH gas processing plant will be the first stand-alone midstream joint venture business between the Nigerian National petroleum Corporation (NNPC) and a company in the private sector.

    With the ANOH project, Seplat aims to be the largest supplier of gas to the domestic market. The Seplat CEO added: “By the time we commission the ANOH project, we will be able to produce 850 Mscfd.

    “Overall, the gas business was not attractive in 2010 and some years after. Seplat however took a conscious decision to invest in the gas business upon the price of gas inching up as ‘willing buyer willing seller’ commercial terms became possible. The company is uniquely situated within existing gas pipeline network, and therefore leveraged on this to significantly expand its Oben gas plant.

    “The revenue from the expanded Oben gas plant has been impressive motivating the company to seek further investment in gas.”

    He explained that the company’s gas is for the domestic market, saying that Nigeria has a notable population which is projected to continue to grow to 450 million people by 2050.