Powering Nigeria: Seplat Energy Joins AEW 2024 as Associate and Networking Sponsor

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Nigerian independent energy company Seplat Energy PLC has joined the African Energy Week (AEW): Invest in African Energy 2024 conference – scheduled for 4–8 November in Cape Town – as an Associate and Networking Sponsor. In this capacity, Seplat Energy will play an instrumental part in facilitating networking and dialogue among stakeholders as the industry gathers in Cape Town to discuss the future of Africa’s energy sector.

Seplat Energy has progressed the development of the ANOH Gas Project in Nigeria, with first production anticipated in the third quarter of 2024. The midstream gas processing plant will produce 300 million standard cubic feet of natural gas per day (MMscfd), catering to the escalating energy needs of the local market. Developments such as this will be unpacked during AEW: Invest in African Energy, where Seplat Energy will lead exclusive networking sessions, showcasing lucrative partnership opportunities within Nigeria’s burgeoning oil and gas industry.

AEW: Invest in African Energy is the platform of choice for project operators, financiers, technology providers and government, and has emerged as the official place to sign deals in African energy. Visit www.aecweek.com for more information about this exciting event.

Seplat Energy has established itself as a pivotal force in Nigeria’s energy market by maximizing the value derived from its upstream and midstream oil and gas assets. Upstream, the company is advancing the development of the 91.1-million-barrel Sibiri project in Block OML 40, having secured regulatory approval for the field development plan in February 2024. The company is conducting a series of exploration and appraisal activities aimed at bolstering Nigeria’s energy reserves and production capacity. Seplat Energy is also focusing on developing shallow oil reservoirs while concurrently increasing production at the Jisike oilfield – part of OML 53 where the company holds a 40% working interest. OML 53 – also featuring the undeveloped Ohaji South gas and condensate field – will be connected to the Assa North field, part of the ANOH project.

Meanwhile, in the midstream sector, Seplat Energy is advancing infrastructure development and modernization in line with the nation’s energy security and decarbonization efforts. The company is upgrading the Sapele Gas Plant, increasing production capacity from 60 MMscfd to 90 MMscfd. The plant upgrade – scheduled for completion in 2024 – will enable Seplat Energy to eliminate routine flares at the facility while ensuring LPG produced meets international sustainability specifications. Seplat Energy also completed maintenance work on the Oben Gas Plant in March 2024, thereby maintaining output at 42 MMscfd. The plant plays a crucial role in providing processed gas for power generation in Nigeria, meeting about 35% of the country’s needs in this area.

“Seplat Energy plays a vital role in ensuring energy security and affordability in Nigeria. The company’s efforts are instrumental in generating energy-related employment opportunities in the country and attracting new investments, aligning with Nigeria’s goal to ramp up oil production and meet regional demand,” stated NJ Ayuk, the Executive Chairman of the African Energy Chamber.

As a sponsor, Seplat Energy will be at the forefront of discussions on expanding Africa’s oil and gas value chain at AEW: Invest in African Energy. During the event this November, executives from Seplat Energy will participate in exclusive networking sessions, providing updates on the company’s project pipeline while showcasing investment prospects within the Nigerian market.