₦airaland Forum

Seplat Energy eyes 14 trillion cubic feet of natural gas in acquired assets in Akwa Ibom.

The Chief Executive Officer of Seplat Energy, Roger Brown has disclosed that the company sees the potential of unlocking an estimated 14 trillion cubic feet of untapped natural gas in its newly acquired assets in Akwa Ibom State.

Brown said this while speaking at the Heirs Energies Leadership Forum 2025, in Abuja, where he spoke about Nigeria’s potential in accelerating oil & gas production, unlocking untapped gas reserves, and driving sustainable growth in the energy sector.

He reaffirmed Seplat Energy’s commitment to enhancing Nigeria’s energy sector by accelerating oil production and expanding its domestic gas supply capacity.

“We see tremendous potential in unlocking 14 TCF of untapped gas in our newly acquired assets in Akwa Ibom State and we are aligned with the government’s vision that every barrel of oil and molecule of gas counts,” he said.

Seplat Energy Targets 850 Million scf

He stated that the company will deliver 850 million standard cubic feet of gas for domestic and industrial use in Nigeria.

“Seplat Energy is committed to supporting the delivery of Nigeria’s energy future by accelerating oil production and delivering on our 850 million scf gas capacity to domestic industry including power, fertilizer production, and LNG.”

He noted that Seplat Energy’s targets and recent investments align with the Nigerian government’s vision of optimizing every available resource to strengthen energy security and economic growth.

“We are aligned with the government’s vision that every barrel of oil and molecule of gas counts. As such, we will continue to invest in safe and efficient operations to ensure long-term energy security and sustainable growth,” the CEO added.

He stressed that Nigeria’s energy sector is undergoing a historic transformation, with unprecedented divestments.

He said these new investments and divestments will unlock new opportunities for growth in the energy sector.

Backstory

Last year, Seplat Energy, which is listed in both Nigeria and London acquired Mobil Producing Nigeria Unlimited (MPNU) from ExxonMobil for $1.3 billion.

• The assets acquired primarily include oil and gas operations in several oil fields and export terminals in Akwa Ibom state.

• The acquisition has now bestowed on Seplat, equity in 11 blocks (onshore and shallow water); 48 producing oil and gas fields; 5 gas processing facilities; and 3 export terminals.

Nairametrics reported that the acquisition will double Seplat Energy’s oil production capacity.

The company described it as a “game-changer, positioning us to maximize the potential of mature assets through strategic investments and high-impact drilling campaigns.”

What you should know

• With Nigeria pushing to expand gas utilization as a transition fuel, Seplat Energy’s investments in oil and gas infrastructure, as well as other recent multibillion Naira investments, are expected to play a key role in enhancing domestic energy supply and supporting industries.

• The federal government has a target of producing over 2 million barrels per day of crude oil in 2025, but its output for January was 1.5 Mbps.

• It is short of 500,000 bpd, but the government has vowed to meet this target this year, as the 2025 budget is benchmarked on an output of 2.06 Mbps.

NewDigitalWorld:
Source: https://nairametrics.com/2025/02/25/seplat-energy-eyes-14-trillion-cubic-feet-of-natural-gas-in-acquired-assets-in-akwa-ibom/

Honoredeblazac:
This is one of the best run companies in nigeria.

Honoredeblazac:
This is one of the best run companies in nigeria.

NothingDoMe:
They will likely be top on the list to acquire IOCs like Chevron if and when they leave.

SoftSport:
🤔 Seplat’s gas push looks great, but is it really about Nigeria’s energy future or just a corporate power grab?

TheBillyonaire:
Akwa Ibom is an Energy Center and all Energy companies, both offshore and onshore should move their offices to Akwa Ibom and pay their taxes there and their corporate social responsibilities need to be evident in the lives of the people.

TheBillyonaire:
Akwa Ibom is an Energy Center and all Energy companies, both offshore and onshore should move their offices to Akwa Ibom and pay their taxes there and their corporate social responsibilities need to be evident in the lives of the people.

Honoredeblazac:
This is one of the best run companies in nigeria.

Shidinky:
Hopefully Umo eno will focus on always ibom getting an lng facility like bonny and leave photo government

TheBillyonaire:
Umo Eno is not cerebral enough to be Governor. There is no known Goal and the roadmap to achieving the goal. Just shouting ARISE Agenda, meanwhile, no one really knows what the Agenda is.

I had expected a jetty and a Tank Farm at Uruan Waterfront and expansion of the Uruan/Nwangiba to bring in the Petroleum Products to Uyo cos they basically have no tank farm. With soil rich in clay, I also expected a State owned Cement Factory to bring down construction cost of cement which can in turn be used for road construction and housing needs.

I had also expected massive foray into world class tourism and fine dining. I also had expected to Sea Port to be nearing completion. But you hired a cook to be a Governor and all he does is talk talk and talk. Not even sanitation is his priority.

Once in a while we have square pegs in round holes. I pray he loses to APC, cos I do not know what magic he will do at this time, having lost the confidence of the people.

NewDigitalWorld:
Seplat Energy eyes 14 trillion cubic feet of natural gas in acquired assets in Akwa Ibom.

The Chief Executive Officer of Seplat Energy, Roger Brown has disclosed that the company sees the potential of unlocking an estimated 14 trillion cubic feet of untapped natural gas in its newly acquired assets in Akwa Ibom State.

Brown said this while speaking at the Heirs Energies Leadership Forum 2025, in Abuja, where he spoke about Nigeria’s potential in accelerating oil & gas production, unlocking untapped gas reserves, and driving sustainable growth in the energy sector.

He reaffirmed Seplat Energy’s commitment to enhancing Nigeria’s energy sector by accelerating oil production and expanding its domestic gas supply capacity.

“We see tremendous potential in unlocking 14 TCF of untapped gas in our newly acquired assets in Akwa Ibom State and we are aligned with the government’s vision that every barrel of oil and molecule of gas counts,” he said.

Seplat Energy Targets 850 Million scf

He stated that the company will deliver 850 million standard cubic feet of gas for domestic and industrial use in Nigeria.

“Seplat Energy is committed to supporting the delivery of Nigeria’s energy future by accelerating oil production and delivering on our 850 million scf gas capacity to domestic industry including power, fertilizer production, and LNG.”

He noted that Seplat Energy’s targets and recent investments align with the Nigerian government’s vision of optimizing every available resource to strengthen energy security and economic growth.

“We are aligned with the government’s vision that every barrel of oil and molecule of gas counts. As such, we will continue to invest in safe and efficient operations to ensure long-term energy security and sustainable growth,” the CEO added.

He stressed that Nigeria’s energy sector is undergoing a historic transformation, with unprecedented divestments.

He said these new investments and divestments will unlock new opportunities for growth in the energy sector.

Backstory

Last year, Seplat Energy, which is listed in both Nigeria and London acquired Mobil Producing Nigeria Unlimited (MPNU) from ExxonMobil for $1.3 billion.

• The assets acquired primarily include oil and gas operations in several oil fields and export terminals in Akwa Ibom state.

• The acquisition has now bestowed on Seplat, equity in 11 blocks (onshore and shallow water); 48 producing oil and gas fields; 5 gas processing facilities; and 3 export terminals.

Nairametrics reported that the acquisition will double Seplat Energy’s oil production capacity.

The company described it as a “game-changer, positioning us to maximize the potential of mature assets through strategic investments and high-impact drilling campaigns.”

What you should know

• With Nigeria pushing to expand gas utilization as a transition fuel, Seplat Energy’s investments in oil and gas infrastructure, as well as other recent multibillion Naira investments, are expected to play a key role in enhancing domestic energy supply and supporting industries.

• The federal government has a target of producing over 2 million barrels per day of crude oil in 2025, but its output for January was 1.5 Mbps.

• It is short of 500,000 bpd, but the government has vowed to meet this target this year, as the 2025 budget is benchmarked on an output of 2.06 Mbps
Source: https://nairametrics.com/2025/02/25/seplat-energy-eyes-14-trillion-cubic-feet-of-natural-gas-in-acquired-assets-in-akwa-ibom/

The federal government has a target of producing over 2 million barrels per day of crude oil in 2025, but its output for January was 1.5 Mbps. It is short of 500,000 bpd, but the government has vowed to meet this target this year, as the 2025 budget is benchmarked on an output of 2.06 Mbps.

TheBillyonaire:
Akwa Ibom is an Energy Center and all Energy companies, both offshore and onshore should move their offices to Akwa Ibom and pay their taxes there and their corporate social responsibilities need to be evident in the lives of the people.

Shidinky:
Hopefully Umo eno will focus on always ibom getting an lng facility like bonny and leave photo government

Atlantis585:
And plenty of toto to fvck dey there too