Seplat Energy Plc (SEPL)

Profile

https://www.seplatenergy.com

Seplat Energy Plc is Nigeria's leading indigenous independent upstream oil and gas company, founded in 2009 and headquartered in Lagos. It focuses on the exploration, development, production, and processing of crude oil and natural gas, primarily in the prolific Niger Delta region. The company's portfolio includes seven key oil and gas blocks such as OMLs 4, 38, 41, 53, and 55, along with assets like the Oben gas processing plant and ongoing developments at ANOH in OML 53 and Sapele in OML 41. Seplat Energy Plc operates through dedicated Oil and Gas segments, supplying gas to Nigeria's domestic power generation market while pursuing a Nigeria-centric growth strategy. In a significant expansion, it completed the $1.28 billion acquisition of Mobil Producing Nigeria Unlimited in December 2024, adding operated interests in OMLs 67, 68, 70, and 104, the Qua Iboe export terminal, Yoho FSO, Bonny River Terminal, and the Aneman-Kpono field. Committed to transparency, it adheres to the EITI Standard, maintains robust corporate governance, and is developing a Power & New Energy business to support Nigeria's energy transition, employing around 1,450 people.