Seplat Energy Plc has reported significant growth since its inception, driven by strategic asset acquisitions, improved efficiency, and enhanced safety performance. According to CEO Roger Brown, this growth stems from the successful integration of major acquisitions over the last decade, which have increased efficiency, safety and reduced emissions.
Speaking at the 2025 Africa Energy Week Conference and Exhibition in Cape Town, 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 cultural alignment with new colleagues has been key to Seplat’s success, allowing the company to benefit from their expertise and insights. By combining onshore experience with offshore know‑how, Seplat has built a stronger operation, delivering higher cash flow and greater production potential in both oil and gas.
The CEO stressed that focusing on assets where Seplat’s operating capability can unlock hidden value has been central to its strategy. This approach, particularly in mature fields, has enabled the company to increase production while maintaining tight cost control, building a strong balance sheet and investing in its future.
Eleanor Adaralegbe, Seplat’s Chief Financial Officer, also spoke at the conference, discussing financing options and successes. She highlighted the company’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 for 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, predictable fiscal framework is essential for upstream financing, enabling long‑term capital investment and project de‑risking.
Seplat Energy’s achievements and strategies underscore its commitment to safety, operational excellence, and growth in Nigeria’s energy sector. As the company continues to expand operations and explore new opportunities, its focus on strategic asset acquisitions, efficient operations and robust financing will likely remain key to its success. With Nigeria’s energy security heavily dependent on upstream development, Seplat’s contributions are significant, and its continued growth and investment will be closely watched by industry stakeholders.
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