Seplat Energy Reviving Stranded Gas Assets To Accelerate LNG Production

Seplat Energy has confirmed that it is moving person to reaching commercialized presumption connected a caller state development, signaling caller advancement successful Nigeria’s efforts to grow home proviso and unlock its LNG potential.

Speaking astatine African Energy Week (AEW): Invest successful African Energies 2025 successful Cape Town, Seplat Energy CEO, Roger Brown, said the institution was advancing discussions astir a stranded plus that could enactment LNG opportunities. “Onshore, we’re precise wide connected our state strategy. We person 3 state plants and are 1 of the biggest suppliers domestically. One of our assets – the Yoho tract – is stranded and premier for LNG. We’re getting precise adjacent to reaching commercialized presumption connected that,” Brown noted.
The institution is besides reinforcing its superior basal done a blend of section and planetary financing, which includes the palmy completion of its 3rd Eurobond earlier this year. “Local financing is captious due to the fact that the financiers recognize the terrain,” Brown said.
He added that Nigeria’s enabling situation is improving, with 5 upstream deals approved past twelvemonth alongside a authorities people of achieving 3 cardinal barrels per time by 2030 – wide signals that the assemblage is becoming progressively charismatic to investors.

“There’s important worth to beryllium unlocked successful onshore positions,” said Berislav Gaso, Executive Vice President Energy astatine OMV, noting that the institution evaluates its acquisitions based connected existing infrastructure and subsurface potential.

For section operators similar Aradel Holdings, that worth is already being realised. CEO Gbite Falade highlighted however the institution has grown accumulation from 2,000 barrels per time to 15,000 barrels per time astatine its flagship marginal field. “Over the past 20 years, we’ve not lone scaled our capableness upstream and onshore – we’ve besides implemented a gas-processing works astatine Ogbele and a modular refinery, and done each of this with an indigenous workforce,” Falade said.

“We’re hoping that the adjacent signifier for indigenous companies is coming unneurotic to excavation funds, stock hazard and instrumentality vantage of our strengths,” added Oladimeji Bashorun, COO of Energia Limited

According to the elder vice president of Operator and Geographical Sales astatine NOV, Cobie Loper, lifecycle enactment and aboriginal engagement are cardinal to unlocking bottlenecks. “We person a toolkit that tin bring a fig of antithetic improvement options,” helium said. “That’s wherever we spot the worth successful partnerships – not lone to get much retired of existing assets, but besides to bring caller lipid technologies to market.”

Oando Energy Resources emphasised the value of managing above-ground risks and is implementing monitoring technologies for pipelines and distant substance stations portion strengthening relationships with big communities. “It’s not conscionable astir utilizing exertion to spot what’s happening,” said the wide manager, Commercial, Akinbambo Ibidapo-Obe. “You besides person to person a large concern with your communities truthful they tin assistance you to respond.”