Seplat Energy a relatively new Exploration & Production company listed under Lagos and London stock exchange markets has stated that the company has since doubled her reserves with over 400 million barrels of oil equivalent. The company made this disclosure via its twitter handle now known as X.

Further on its statement, Splat reiterated the crucial role the company has being playing in sustenance of the Nigeria power sector through constant supply of natural gas produced from its various fields to the nation’s power generation grids.

“Our oil fuels exports through various terminals in Nigeria, while our domestic gas powers a third of the national grid, playing a pivotal role in the country’s energy sector and the majority of Seplat gas production goes into Nigeria power sector,” Roger Broun Seplat CEO, said.

According to Roger Brown, Seplat Energy was founded in 2009 and bought its first oilfield asset in 2010; but currently the company has raked in seven oil blocks in its portfolio.

The six oil blocks operated by Seplat Energy include: OMLs 4, 38 and 41 Edo (OML 4) and Delta (OMLs 38 and 41) States respectively, OML 40 which contains the producing Opuama and Gbetiokun Fields, OML 53 is located in Ohaji South, OML 55 which covers Robertkiri, Idama and Ind fields, OML 56s positions at Umuseti/Igbuku Marginal Field and the only non-operated working interest in the Umuseti/Igbuku Marginal Field Area that is carved out of OML 56

However, apart from crucial role seplat plays in the Nigeria power sector, the company has being a major stakeholder in harnessing the nation’s natural gas in support of its great economic value it poses as global fuel of the future.

Seplat is currently spear heading a major gas oriental project in Nigeria – the ANOH gas project. The company has recently announced that the ANOH gas plant installation works have reached mechanical completion as planned. The company through its latest media disclosure attributed this as a milestone achievement for the company

According to the company, the ANOH gas plant installation works has reached mechanical completion without a single recordable Lost Time Incident, LTI, across 11 million man-hours, a testament to the focus of the whole team on safe and secure operations.

The other key steps to first gas, as outlined in the Company’s Interim Results announcement, were the drilling and hook-up of the upstream wells and completion of essential third-party infrastructure:  the OB3 pipeline river crossing and Spur Line connecting OB3 to the gas plant. Completion of the third well (ASSN-05) was previously announced and the fourth and final well (ASSN-06) planned ahead of the first gas has also now been completed by the upstream unit operator, SPDC.

Seplat is looking forward to the completion of the necessary plant pre-commissioning activities and essential third-party infrastructure which will enable the commissioning of the gas plant and commencement of operations.  Our previously communicated guidance for first gas is unchanged.

 “ANOH is an important strategic project for Seplat, it will roughly double our gas production, and we are focused on the path to first gas. Once completed, ANOH will provide two income streams for Seplat: wet gas sales from OML 53 to the gas plant and dividends from the joint venture ANOH Gas Processing Company, which will operate the plant. ANOH’s gas will further reduce Seplat’s and Nigeria’s carbon intensity and increase energy supplied to the Nigerian domestic market,” Roger Brown, Chief Executive Officer of Seplat Energy, said.

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, condensate, and LPG to customers. It is envisaged that AGPC will sell the gas and LPG domestically, and the condensates to the international market.