REG - Seplat Energy PLC - Presidential Commission: ANOH Gas Processing Plant

Seplat EnergyAnnouncement

15/05/2024 14:00

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RNS Number : 5788O  Seplat Energy PLC  15 May 2024

 

 

Presidential Commissioning of ANOH Gas Processing Plant

 Lagos and London, 15(th) 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
15(th) 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/ (https://www.seplatenergy.com/)

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