Seplat

Seplat Petroleum Development Plc (Seplat) is an independent Nigerian oil and gas exploration and production company, with a strategic focus on the Niger Delta of Nigeria.

Since making its first acquisition in 2010, Seplat has risen to become a leading indigenous oil and gas operator in the country, increasing its production and reserves year on year and has consistently experience growth in revenues and profits since it commenced operations. Gross operated liquids production at OMLs 4, 38 and 41 at the time of acquisition was 14,000 bopd.

Through the implementation of a focused re-development work programme and drilling campaign, Seplat grew to a peak rate of over 84,000 bopd, representing a six-fold increase and significantly ahead of the peak rate achieved by the previous operator of approximately 56,000 bopd in 1996.

In April 2014, Seplat completed the first ever dual listing on both the London Stock Exchange and the Nigerian Stock Exchange, making it the only Nigerian company to be fully listed on both.

Seplat raised US$535 million in an initial public offering that ranked as the largest for a sub-Saharan Africa company since 2008 and the second largest ever for a Nigerian company,
Seplat’s portfolio comprises eight blocks in the Niger Delta, four of which Seplat operates directly. 

Alongside its oil business, the Company has successfully established itself as the pre-eminent supplier of natural gas to the domestic market in Nigeria through substantial investments made in the commercialisation, development and monetisation of the substantial gas reserves that exist on its blocks.

Seplat and its 400 strong work force havebuilt strong world-class independent energy company delivering premium value to all stakeholders and excellent relationships with its key local communities, promoting trust and confidence amongst its various stakeholders, ultimately resulting in a stable operating environment that facilitates the creation of shared value