Seplat Petroleum Development Company Plc, an independent oil and gas exploration and production company, said it is promoting gas investment expansion targeting 1 billion cubic feet of gas processing capacity by 2021.
The company’s future infrastructural investments include a 75 million cubic feet of gas daily, MMscfd gas plant installation in the West (Sapele) and the Assa-North Ohaji South (ANOH) project in the East to add 300 MMscfd capacity by 2021.
With both projects coming on stream, Seplat would increase its total operated gas processing capacity by 80 per cent to help achieve its target to own and operate 1Bcfd of gas processing capacity by 2021.
This was disclosed by the company’s Chief Executive Officer, Mr. Austin Avuru, when the company was honoured with the award of Outstanding Indigenous Contributor to Gas Development in Nigeria at the recently concluded 2019 Annual Conference and Awards of the National Association of Energy Correspondents (NAEC) in Lagos.
Avuru who represented by the General Manager, Strategy Economics and Planning, Seplat Petroleum, Mr. Anthony Agbojo on a Panel discussion at the conference titled: “Commercial Viability in Gas to Power Value Chain”, reeled out Seplat’s huge investments in Nigeria’s gas value chain and the multiplier effects the intervention had had on the country’s economy.
Avuru, said Seplat remained committed to infrastructural development across all its facilities while maintaining high standards of asset integrity; citing the over $300million invested in the Oben gas plant expansion project.
He said: “Future infrastructural investments include a 75MMscfd gas plant installation in the West (Sapele) and the Assa-North Ohaji South (ANOH) project in the East to add 300MMscfd capacity by 2021. With both projects, Seplat would increase its total operated gas processing capacity by 80 per cent. This is on course to achieving our target to own and operate 1Bcfd of gas processing capacity by 2021.
Seplat recently also emerged as the Nigerian Content Development and Monitoring Board’s (NCDMB) most impactful independent upstream operating company for its local content initiatives at the Nigeria Oil and Gas Opportunity Fair (NOGOF) held at the new NCDMB headquarters in Yenagoa, Bayelsa State.
In addition, Seplat, recently, was presented with the ASSP Safety Award for Excellence at the Nigeria Professional Development Conference and Exhibition in Lagos, organised by the American Society of Safety Professionals (ASSP), Nigerian Chapter.
Receiving the award on behalf of the company, General Manager, External Affairs and Communications, Dr. Chioma Nwachuku commended NAEC for hosting the conference and recognising the company.
The theme of the conference was: “Harnessing Oil & Gas Potential for National Development”.
Nwachuku, said the Company plays an active role in the Nigerian gas to power sector with its 525 MMscfd gas processing capacity, stressing that the Company currently contributes about 25 per cent – 30 per cent of domestic gas to power supply in Nigeria.
She lauded NAEC for its industry-focused activities while also thanking the body for honouring Seplat Petroleum for its well-deserved recognition.