- Seplat Energy emphasises that affordable, reliable, and accessible energy is crucial for Nigeria’s sustainable development.
- Through its commitment to accessible and affordable energy, Seplat Energy believes Nigeria can strengthen its economy and improve living standards.
Seplat Energy Plc has reaffirmed that Nigeria’s prosperity depends on affordable, reliable, and accessible energy for everyone. Speaking at the 43rd Annual Nigerian Association of Petroleum Explorationists (NAPE) Conference in Lagos, Seplat Energy’s Chief Operating Officer, Samson Ezugworie, stated that Nigeria must expand oil and gas production to fuel growth and meet rising energy demands.
Currently, over 70 million Nigerians live without access to electricity. Additionally, over 170 million people rely on biomass for cooking, a practice that harms both their health and the environment. Therefore, Ezugworie urged swift action. He warned that with the population expected to exceed 400 million by 2050, inaction would only deepen the crisis.
Furthermore, he called for increased investment in gas and natural gas liquids (NGL) production. Expanding these resources, he explained, would enhance access to cleaner energy, reduce pollution, and generate employment opportunities. It would also help power local industries and accelerate national development.
Ezugworie pointed out that Nigeria’s energy sector is undergoing a significant transformation. As international oil companies hand over assets to local operators, challenges such as limited funding and higher risks have emerged. However, this shift also creates opportunities to build local capacity, attract investment, and strengthen resilience across the industry.
At Seplat Energy, operations are guided by three principles: Leadership, Partnership, and Stewardship. The company has already rehabilitated 33 wells, with 26 of them producing approximately 33,000 barrels per day. Moreover, it is completing the ANOH Gas Processing Plant and has exported its first LPG cargoes from the upgraded Sapele Gas Plant. Seplat is also close to ending routine gas flaring, allowing it to capture and monetise gas sustainably.
In conclusion, Ezugworie stated that Seplat’s initiatives go beyond energy production. They aim to transform lives, empower communities, and drive sustainable growth. With continued investment and collaboration, he believes Nigeria can unlock its full economic potential through affordable, reliable, and accessible energy.