. says digital technology key to boost profitability and reducing Oil and Gas Production Costs
Seplat Petroleum Development Company Plc ,an indigenous oil giant with a rich portfolio of producing oil ang gas assets , with eight onshore blocks in the prolific Niger Delta, ideally located for oil exports and internal gas demand centers says it is making huge investments to increase gas production to support Nigeria’s gas-to-power programme.
The company also reiterated that to reduce production costs and boost profitability in oil and gas production the deployment of digital technology is highly imperative
They also noted that Covid 19 Pandemic has become a catalyst for change in the oil and gas sector. Stressing that the pandemic has led to flexibility and innovation in the industry, which ensured the implementation of high caliber remote working technologies , New systems, new habits and new patterns which have affected the way we work .
Chief Executive Officer, Seplat, Mr Roger Brown, stated while delivering a keynote address at the ongoing Nigeria International Petroleum Summit (NIPS) in Abuja.
Daily Champion reports that the summit has its theme as :“From Crisis to Opportunities: New Approach to the Future of Hydrocarbons.” And the sub theme is Oil Market Forum: Who’s In Control?.
Brown said that Seplat, as an indigenous company, recognises the pivotal role gas would play in Nigeria’s energy transition journey following the global move for cleaner sources of energy.
According to him, in line with the Federal Government’s declaration of the Year 2021 to Year 2030 as the “Decade of Gas Development”, there is a need to create a free market pricing for domestic gas.
He said that fiscal incentives should also be granted to investors in the gas sector to drive domestic gas utilisation, the autogas scheme as well as supply of gas to power plants.
Brown also called for massive investment in gas infrastructure to reduce greenhouse gas emissions and intensification of efforts to reduce gas flaring in the country.
He disclosed that Seplat currently supplies a third of the gas needed to provide electricity in Nigeria and would continue to work assiduously towards the objective.
Also, our’ assets is strategically placed close to end markets, positioning Seplat to capitalise on the domestic gas opportunity and We believe the ANOH development at OML 53 is one of the largest greenfield gas and condensate developments in the Niger Delta
Brown said that the company was also investing in infrastructure development within its host communities and creating employment opportunities for Nigerians.
SEPLAT has also embarked on a new project to replace its existing 60MMscfd gas processing plant in Sapele with a new 75MMscfd gas processing plant to be commissioned in Q4 2020 which will further raise its total gas processing capacity to 540MMscfd.
It could be recalled that in January 2017, the Group incorporated a new subsidiary, ANOH Gas Processing Company (AGPC) Limited, a midstream gas company committed to the processing of gas from OML 53 for distribution to the local market. In August 2018, the Group entered into a shareholder agreement with Nigerian Gas Processing and Transportation Company (NGPTC) to subscribe for equal ownership of AGPC.
SEPLAT is the leading supplier of natural gas to the domestic market and is helping to address a major obstacle facing the Nigerian economy today – access to reliable, affordable power.
As Nigeria’s leading indigenous Oil and Gas Company, SEPLAT is committed to delivering positive impact through its operations. We have built strong relationships with our key local communities, promoting trust and confidence amongst our various stakeholders, ultimately resulting in a stable operating environment that facilitates the creation of shared value.
SEPLAT remains committed to its mission of sustainably delivering profitable, diversified energy solutions through operational excellence, skilled workforce and effective partnership.
