Seplat Ventures Into Power Sector Investment

The Chief Executive Officer of Seplat Energy, Roger Brown, has disclosed that the company will venture into the power sector later.

Brown disclosed this in a statement made available to our correspondent on Thursday.

According to him, the energy firm has a long-term roadmap to expand power to off-grid communities.

“At some point, when the time is right, we will take further steps into the electricity space. The company’s long-term roadmap includes expanding modular solutions that can bring power closer to off-grid communities.

“We’re exploring modular gas-to-power systems that can be deployed in rural areas. These will play a key role in solving last-mile electricity access problems,” Brown revealed.

The CEO boasted that Seplat Energy is transforming Nigeria’s energy landscape and setting new standards for Africa’s indigenous operators.

According to him, following its acquisition of Mobil Producing Nigeria Unlimited assets, Seplat Energy is poised to redefine Nigeria’s gas future through a blend of integration, innovation, and an unwavering commitment to inclusive national development.

He noted that Seplat is now active in 11 blocks, eight of which it operates directly.

“The acquisition not only doubled Seplat’s reserves but also significantly expanded its footprint and diversified its portfolio across upstream and midstream sectors. We have seven onshore blocks and four shallow-water offshore blocks. With this acquisition, we formed Seplat Energy Producing Nigeria Unlimited and now manage operations that connect seamlessly into three terminals — one offshore and two onshore.

“This gives us a fully integrated value chain — from the wellhead all the way to export via vessel — with Seplat in full control of operations. Our production has materially increased. We’ve moved from around 50,000 barrels per day to over 120,000 barrels per day. We’re proud to say that our workforce now includes around 1,500 professionals. The vast majority of whom are Nigerians,” he stated.

Brown emphasised that the gas resource in Seplat’s offshore blocks is extraordinary.

“While not all of it is currently classified as proven reserves, we estimate the actual volumes are three times what we’re currently reporting. This gas will be instrumental. It will feed into domestic power generation, industrial uses such as fertiliser and petrochemicals, and LNG — both Nigerian LNG and new floating LNG initiatives,” he maintained.