Seplat Energy Plc, Nigeria’s Leading Indigenous Energy Company, says it will remain committed to harnessing vast Sub-Surface Opportunities in Nigeria, driving Transformation and Economic Growth.
The Company said the quest to develop Nigeria and the support from the Nigerian Government remained very cardinal.
Roger Brown, Chief Executive Officer, Seplat Energy said this while speaking on a Panel Session tagged ‘Transformative Deals and Nigeria’s Upstream Future’ at the Nigerian International Energy Summit (NIES) on Thursday in Abuja.
Brown attributed its exponential growth over the years to well thought-through Strategies, strong Governance Practice and dedicated People.
He said with these Asset Acquisitions coming through, it was 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.
“We have the right Strategies, People and a very strong Corporate Governance Stance; and Seplat Energy is already collaborating and aligning with relevant Stakeholders,” he added.
He said with the acquisition of Mobil Producing Nigeria Unlimited – renamed Seplat Energy Producing Nigeria Unlimited (SEPNU), Seplat Energy was the Largest Oil and Gas Producers in Nigeria.
He added that as a Partner to Government, the Company was aligned with its drive to increase Oil and Gas Production in the National Interest.
He recalled that it had been operating for more than 15 years and its dual listing in 2014 showed that International Financial Markets had confidence in the Company and its Business Model.
“This is because we’ve proven ourselves to be very capable of acquiring Assets and improving their Production, which benefits everyone in Nigeria.
“Seplat Energy implements Best-in-Class Well Reservoir and Facility Management (WRFM) Practices,” he said.
Brown explained that it had continued to adopt Strategies that had helped to optimise Short Term Oil Generation (STOG) and maximise Returns from new Wells.
This, he said had helped to save the Cost and time of having to carry out Work-Overs that targeted stranded Opportunities; whilst maximising Value from new Drills.
“We have a strong commitment to Sustainability and sound Governance and we believe this is important to International Oil Companies (IOCs) when they divest Assets.
“We are a listed Company bound by strong Sustainability and Governance demands of Regulators and Investors in Nigeria and elsewhere.
“There is a high degree of assurance that we will be very transparent about what we do with these Assets and how we look after the Environment,” he said.
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