Our Strategy, Governance, People Driving Growth at Seplat Energy – CEO
Seplat Energy Plc, Nigeria’s leading indigenous energy company, has attributed its remarkable growth to well-defined strategies, robust governance practices, and dedicated personnel. The company emphasized that its commitment to Nigeria’s development and the unwavering support from the Nigerian government remain pivotal to its success.
Speaking during the ‘Transformative Deals and Nigeria’s Upstream Future’ panel session at the Nigerian International Energy Summit (NIES) in Abuja, Seplat Energy’s Chief Executive Officer, Mr. Roger Brown, highlighted the vast opportunities in Nigeria’s sub-surface energy resources. He reaffirmed Seplat Energy’s dedication to harnessing these opportunities and driving transformation in the country.
“With these asset acquisitions coming through, it is a new dawn for Nigeria and the Nigerian people. It is an opportunity to develop and transform Nigeria, and the Seplat Energy Group will be a very dominant player in this space,” Brown stated. “We have the right strategies, people, and a very strong corporate governance stance, and Seplat Energy is already collaborating and aligning with relevant stakeholders.”
Seplat Energy’s acquisition of Mobil Producing Nigeria Unlimited, now renamed Seplat Energy Producing Nigeria Unlimited (SEPNU), has positioned the company as one of Nigeria’s largest oil and gas producers. As a key partner to the government, Seplat Energy aligns with the national drive to increase oil and gas production.
Brown emphasized Seplat Energy’s credibility and stewardship of Nigeria’s natural resources. “We have been operating for more than 15 years, and our dual listing in 2014 demonstrated international financial markets’ confidence in our business model. We’ve proven ourselves capable of acquiring assets and improving their production, which benefits everyone in Nigeria.”
The company implements best-in-class Well Reservoir and Facility Management (WRFM) practices, optimizing Short Term Oil Generation (STOG) and maximizing returns from new wells. These strategies help reduce costs and time associated with workovers, while maximizing value from new drills.
Seplat Energy’s asset portfolio also holds enormous gas resources, presenting a significant opportunity to boost Nigeria’s electricity generation and drive the country’s transformation.
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“Our strong commitment to sustainability and sound governance is essential to international oil companies when they divest assets,” Brown added. “As a listed company bound by stringent sustainability and governance regulations in Nigeria and abroad, we ensure transparency in managing these assets and protecting the environment.”
Seplat Energy remains dedicated to shaping Nigeria’s energy future through strategic investments, partnerships, and sustainable practices.
