- Seplat reaffirms its growth strategy by efficiently integrating assets, boosting safety, reducing emissions, and improving cash flows.
- The company raised over $4 billion in financing while maintaining low leverage below 1.5x.
Seplat reaffirms its growth strategy by unlocking value in mature fields and enhancing cash flows across operations. The company also emphasises safety, asset reliability, and efficiency as essential for sustainable growth and resilience.
At the 2025 Africa Energy Week in Cape Town, Chief Executive Officer Roger Brown detailed Seplat’s achievements. He explained that the company expanded by acquiring divested assets, improving efficiency, and boosting operational safety. In addition, he noted that cultural alignment and asset integrity supported seamless integration of new operations.
Brown described how Seplat integrated acquisitions over the past decade during a fireside chat. Consequently, efficiency increased, routine emissions declined, and cash flows rose significantly. As a result, the company established itself as a reliable operator.
He highlighted the acquisition of Mobil Producing Nigeria Unlimited assets. Seplat quickly re-engaged wells and facilities, thereby achieving immediate results. Furthermore, the company strengthened performance from the first day by combining onshore expertise with offshore know-how.
Brown confirmed that reserve upgrades revealed substantial production potential in oil and gas. Assets located close to export infrastructure further enhance Seplat’s prospects. The company also remains committed to the government’s production target of 3.0 MMbbl liquids while expanding its gas supply.
He further emphasised Seplat’s operator mindset, which focuses on assets where agility unlocks hidden value. Mature fields, therefore, benefit from efficiency and active management, which Seplat consistently delivers.
Chief Financial Officer Eleanor Adaralegbe discussed financing strategies for energy security. She explained that Seplat raised over $4 billion while keeping leverage below 1.5x. Moreover, she outlined project financing for ANOH and refinancing legacy loans, highlighting investor confidence in Seplat’s resilience.
Through diversification, strong leadership, and financial prudence, Seplat reaffirms its growth strategy and strengthens its role in securing Nigeria’s energy future.