A leading Nigerian independent E&P
A deep knowledge of the Nigerian oil and gas sector and energy market, combined with our strong operating credentials and access to local and international capital markets, differentiates Seplat as the partner and operator of choice.Download Market overview PDF (0.34Mb)
Our business model and strategy
A clear business model and strategy
Our business model and strategy have remained consistent since inception and have proven valid in both high and low oil price cycles.Download Our business model and strategy PDF (0.37Mb)
Strong operating track record
Our operating model enables Seplat to consistently deliver best-in-class production and reserves growth and maintain safe and secure operations.Download Operational overview PDF (1.18Mb)
Delivering despite headwinds
Download Chairman's statement PDF (0.17Mb)
“Despite the obvious headwinds facing the sector we have made progress on all aspects of our strategy delivering best-in-class production and reserves growth, and transforming our gas business which achieved 185% year on year revenue growth.”
An attractive portfolio of assets
Since Seplat acquired its first blocks and commenced production in 2010, the Company has increased oil and gas production and grown reserves in each year of operation and is today widely recognised as a leading Nigerian independent oil and gas operator.
Total working interest 2P reserves
Working interest production
Chief Executive Officer's statement
Good progress with our strategic aims
Download Chief Executive Officer's statement PDF (0.15Mb)
“In 2015 we delivered strong operational performance, grew our portfolio, remained firmly profitable and took our gas business across a transformational threshold with further expansion still to come. We acted quickly and decisively in response to the weak oil price environment, strengthened the core fundamentals of the business and have greatly enhanced long-term potential.”
Corporate social responsibility
Building long-term partnerships
Since inception, Seplat has been committed to a shared-value approach to its investment in Nigeria. Our local communities have been central in fulfilling this commitment.Download the Corporate social responsibility PDF (0.20Mb)
“Welcome to this special feature section.
Here we will focus on one of our key strategic priorities, the commercialisation and development of our substantial gas reserves and resources.
Nigeria has one of the largest gas reserves globally and a fast evolving domestic market to which Seplat is a leading supplier.
We are very proud of the success of our gas story and the plan is to further increase gas production and processing capacity to meet Nigeria's growing demand, particularly in the gas to power sector.”
Developing our gas opportunity
2015 was a transformational year for our gas business as we commissioned the new Oben gas processing facility allowing us to more than double gas supply to the domestic market. Our production is sufficient to underpin around a third of current power generation in Nigeria.Download Our gas opportunity PDF (0.77Mb)
Developing our gas opportunity
Gas revenues in 2015 grew by 185% year on year to US$77 million with only a six month benefit from the capacity expansion at Oben. Furthermore, the 119% increase in gas production was accompanied by a 34% increase in the average realised gas price.Download Our gas opportunity PDF (0.77Mb)
“Increased power generation is key to Nigeria’s GDP growth and Seplat is on track to become the leading supplier to the domestic market as a result of substantial investments to expand gas production and processing capacity.”
“The growing revenue stream from our gas business is de-linked from the global oil price and remains on a strong growth trajectory.”