Presidential Commissioning of ANOH Gas
Processing Plant
Lagos and
London, 15th May 2024: Seplat Energy Plc
("Seplat" or the "Company"), a leading Nigerian
independent energy company listed on both the Nigerian
Exchange Limited and London Stock Exchange, is
pleased to announce the commissioning of the ANOH gas processing
plant by the President of the Federal Republic of Nigeria, His
Excellency Bola Ahmed Tinubu GCFR on 15th May 2024.
The ANOH Gas Processing Company (AGPC), an
incorporated joint venture between Seplat Energy and NNPC Gas
Infrastructure Company (NGIC) Ltd, is delivering the ANOH gas
plant with Phase One processing capacity
of 300mmscfd. Upon commencement of operations, the plant
will deliver dry gas and LPG to customers in the domestic
market.
This milestone has
been achieved without a single recordable Lost
Time Incident (LTI) across 12 million man-hours, a
testament to the focus of the whole team on safe and secure
operations.
The ANOH gas plant installation works
reached mechanical completion on 29th December
2023, in line with the revised timetable, and is an important
strategic project for Seplat Energy, as it will
roughly double our gas production and enhance the Federal
Government of Nigeria's initiative to increase the value derived
from the nation's gas assets.
Udoma Udo Udoma,
Board Chairman of Seplat Energy, said:
"As a testament of
our pledge to Nigeria, in partnership with the NNPC Ltd, we have
delivered this project that will support the current
administration's drive for industrialization and growth of the
economy through low-cost reliable power. We appreciate the
unwavering support of our partner NNPCL, the cordial relationship
with our host communities, Imo state government and the support of
all stakeholders."
"Seplat Energy is
pleased with the progressive reforms by His Excellency President
Bola Ahmed Tinubu and his administration. In March 2024, the
President signed executive orders that will enhance investments in
greenfield gas development and midstream capital
projects."
Roger Brown, Chief
Executive Officer of Seplat Energy, said:
"The ANOH gas
project strongly aligns with Seplat Energy's mission of leading
Nigeria's energy transition with accessible, affordable, and
reliable energy that drives social and economic
prosperity.
The ANOH gas plant
is the first of the Seven critical gas projects identified by
government and Seplat is honored to be an equal 50/50 partner to
NNPCL in this ANOH Gas Processing Company Limited (AGPC)
incorporated joint venture (IJV). We earlier announced mechanical
completion and we look forward to first gas in Q3 this
year.
ANOH's gas will
further reduce Nigeria's carbon intensity and increase energy
supplied to the Nigerian domestic market. At Assa community of Imo
state where the AGPC's gas plant is located, we estimate over four
Trillion cubic feet (>4tcf) of gas which can feed multiple gas
plants, making Assa and Imo state a significant gas processing hub,
delivering critical gas supply into the Nigerian
market."
FOR:
SEPLAT ENERGY PLC.
Mrs.
Edith Onwuchekwa
Director,
Legal/Company Secretary
About Seplat
Energy
Seplat Energy PLC (Seplat) is Nigeria's leading
indigenous energy company. Listed on the Nigerian Exchange Limited
(NGX: SEPLAT) and the Main Market of the London Stock Exchange
(LSE: SEPL), we are pursuing a Nigeria-focused growth strategy in
oil and gas, as well as developing a Power & New Energy
business to lead Nigeria's energy transition.
Seplat's energy portfolio consists of seven oil
and gas blocks in the prolific Niger Delta region of Nigeria, which
we operate with partners including the Nigerian Government and
other oil producers. We also have a revenue interest in OML 55. We
operate a 465MMscfd gas processing plant at Oben, in OML4, and are
building the 300MMscfd ANOH Gas Processing Plant in OML53 and a new
85MMscfd gas processing plant at Sapele in OML41, to augment our
position as a leading supplier of gas to the domestic power
generation market. https://www.seplatenergy.com/