Seplat Energy Plc has reported significant growth since its inception, driven by strategic asset acquisitions, improved efficiency, and enhanced safety performance. According to the company’s CEO, Roger Brown, this growth is attributed to the successful integration of major acquisitions over the last decade, resulting in increased efficiency, safety, and reduced emissions.
Speaking at the 2025 Africa Energy Week Conference and Exhibition in Cape Town, South Africa, Brown highlighted the company’s most recent acquisition of Mobil Producing Nigeria Unlimited assets. He emphasized the importance of quickly re-engaging wells and facilities, investing in integrity and reliability, and integrating systems and people to achieve seamless performance.
Brown noted that the cultural alignment with new colleagues has been key to the company’s success, allowing Seplat Energy to benefit from their expertise and insights. By combining onshore experience with offshore know-how, the company has built a stronger operation, delivering higher cash flow and increased production potential in both oil and gas.
The Seplat Energy CEO stressed that the company’s focus on acquiring assets where its operating capability can unlock hidden value has contributed to its success. This approach, particularly in mature fields, has enabled the company to increase production while maintaining tight control of costs, building a strong balance sheet, and investing in its future.
Eleanor Adaralegbe, Chief Financial Officer of Seplat Energy Plc, also spoke at the conference, discussing the company’s financing options and successes. She highlighted Seplat Energy’s highly successful capital raising history, having raised over $4 billion in debt to develop and grow operations while maintaining a low leverage threshold.
Adaralegbe emphasized the importance of financing in Nigeria’s energy security, noting that upstream oil and gas development is crucial for domestic consumption and foreign exchange earnings. She stressed that a stable and predictable fiscal framework is essential for upstream financing, enabling long-term capital investment and project de-risking.
Seplat Energy’s achievements and strategies underscore the company’s commitment to safety, operational excellence, and driving growth in Nigeria’s energy sector. As the company continues to expand its operations and explore new opportunities, its focus on strategic asset acquisitions, efficient operations, and financing will likely remain key to its success. With Nigeria’s energy security depending heavily on upstream oil and gas development, Seplat Energy’s contributions to the sector are significant, and its continued growth and investment will be closely watched by industry stakeholders.
