By: Tijani Salako.

Seplat Energy has unveiled an ambitious plan to increase production to 200,000 barrels per day while accelerating gas development, reducing pipeline losses and ending routine onshore gas flaring following the successful integration of Mobil Producing Nigeria Unlimited assets.

The company disclosed the targets during its 13th Annual General Meeting in Lagos, where management detailed operational priorities and long-term expansion plans aimed at positioning Seplat as Nigeria’s leading indigenous energy company.

Chief Executive Officer of the company, Roger Brown, said the post-integration Seplat has emerged as a significantly larger and more diversified energy business with stronger upstream and midstream capabilities.

According to him, the company now controls 11 oil blocks, 48 producing fields and five gas processing plants spread across onshore and offshore operations.

Management disclosed that Seplat currently holds approximately 1.1 billion barrels in 2P reserves and total resources estimated at about 2.5 billion barrels.

Brown said the company aims to achieve 200,000 barrels per day production on a working-interest basis and roughly 500,000 barrels per day at group level over the next few years.

The Chief Operating Officer of the company, Samson Ezugworie, stated that operational priorities would focus on safety, production efficiency, asset integrity and environmental sustainability.

He disclosed that Seplat had recorded zero fatalities and no lost-time injuries on major projects since assuming control of the combined assets.

In a major environmental milestone, the company announced that routine gas flaring across its onshore operations was successfully eliminated by the end of 2025.

Management described the achievement as part of broader efforts to improve environmental performance and align with global sustainability expectations.

The company also highlighted aggressive expansion of its gas business, including the operationalisation of the Sapele Gas Plant and commencement of Liquefied Petroleum Gas deliveries into the domestic market.

Executives revealed that the company has already delivered its first LPG cargoes from the Sapele facility while additional compressed natural gas infrastructure is under development.

Management maintained that gas would remain central to Nigeria’s energy transition and power security strategy.

Brown stressed that renewable energy alone could not meet Nigeria’s baseload electricity requirements without stable gas supply.

“You need gas-to-power because renewables cannot stand alone. At night there is no sun,” he said.

Seplat also disclosed that pipeline losses across its network declined significantly to about 3.8 per cent in 2025 compared to previous double-digit levels, reflecting improved crude evacuation security and stronger collaboration with government security agencies.

Ezugworie further stated that the company’s idle well restoration programme delivered approximately 50,000 barrels per day in incremental production last year, describing the initiative as a low-cost, high-return strategy for improving output.

Management added that the company’s 2026 production guidance stands at between 120,000 and 135,000 barrels of oil equivalent per day as it advances toward its long-term production targets.

Chairman of Seplat Energy, Udoma Udo Udoma, said the company remained committed to delivering on its long-term growth targets while sustaining shareholder value and operational efficiency.

The company also reaffirmed its commitment to Nigerian content development, stating that over 99.99 per cent of its workforce is Nigerian while local vendor development programmes remain a key part of its operations.

Executives said Seplat would continue to invest in education, healthcare, solar projects and environmental sustainability initiatives across host communities as part of its broader ESG strategy.