Seplat to invest in power sector

venture into the power sector later. Brown disclosed this in a statement made available to our correspondent on Thursday.

According to him, the energy firm has a long-term roadmap to expand power to off-grid communities.

“At some point, when the time is right, we will take further steps into the electricity space. The company’s long-term roadmap includes expanding modular solutions that can bring power closer to off-grid communities.

“We’re exploring modular gas-to-power systems that can be deployed in rural areas. These will play a key role in solving last-mile electricity access problems,” Brown revealed.

The CEO boasted that Seplat Energy is transforming Nigeria’s energy landscape and setting new standards for Africa’s indigenous operators.

According to him, following its acquisition of Mobil Producing Nigeria Unlimited assets, Seplat Energy is poised to redefine Nigeria’s gas future through a blend of integration, innovation, and an unwavering commitment to inclusive national development.

He noted that Seplat is now active in 11 blocks, eight of which it operates directly.

“The acquisition not only doubled Seplat’s reserves but also significantly expanded its footprint and diversified its portfolio across upstream and midstream sectors. We have seven onshore blocks and four shallow-water offshore blocks. With this acquisition, we formed Seplat Energy Producing Nigeria Unlimited and now manage operations that connect seamlessly into three terminals — one offshore and two onshore.

“This gives us a fully integrated value chain — from the wellhead all the way to export via vessel — with Seplat in full control of operations. Our production has materially increased. We’ve moved from around 50,000 barrels per day to over 120,000 barrels per day. We’re proud to say that our workforce now includes around 1,500 professionals. The vast majority of whom are Nigerians,” he stated.

Brown emphasised that the gas resource in Seplat’s offshore blocks is extraordinary.

“While not all of it is currently classified as proven reserves, we estimate the actual volumes are three times what we’re currently reporting. This gas will be instrumental. It will feed into domestic power generation, industrial uses such as fertiliser and petrochemicals, and LNG — both Nigerian LNG and new floating LNG initiatives,” he maintained.

This, he stressed, is an opportunity for Nigeria as the company moves into a new phase of energy autonomy.

He added that it is not just about exporting oil and gas anymore; it is about building domestic capacity that supports job creation, industrialisation, and long-term economic resilience, saying Seplat’s strategy remains focused on meeting Nigeria’s specific energy needs.

“You must tailor your energy strategy to where you operate. Nigeria has one of the lowest levels of energy access globally. Affordable, reliable energy is essential for economic development, job creation, manufacturing, education, and healthcare. Gas is the answer for Nigeria’s base load of electricity. It’s available 24/7, 365 days a year.”

“We do have ambitions in renewables and electricity generation. But for now, the biggest opportunities and the greatest needs lie in upstream oil and gas and midstream gas processing,” he emphasised.

SOURCE : PUNCH