By Seplat Energy Plc, Nigeria’s indigenous energy company, has assured of readiness to take-over assets as international oil companies exiting the onshore and shallow water areas of Nigeria.
Speaking during a panel session at the 13th Annual BusinessDay CEO Forum, with the theme “Nigeria: From Reform to Recovery,” the Seplat Energy’s Chief Executive Officer, Mr. Roger Brown, noted: “We have demonstrated both the capacity and financial strength to take on these assets and run with them. It’s like the stars are aligning-the outlook is even better than what we had before.”
According to him, Seplat has been leveraging technology to enhance operations and build in-country capacity saying that “Nigeria is rich in both oil and gas resources-with over 200 trillion cubic feet of gas.”
Brown who was represented by the company’s Chief Operating Officer, Mr. Samson Ezugworie during panel session with a sub-theme, “Oil and Gas in Transition-Reforms, Recovery and Deals That Matter”, said that exiting companies are transferring their operations, and shared perspectives on Nigeria’s oil and gas transformation.
“If you look at the trajectory, I would personally say that the outlook is very excellent, and we are well-positioned for a transformative oil and gas industry,” Brown stated.
“Rig count in Nigeria was 8 in 2021. Today, it stands at about 46. That tells you a lot about the level of activity, investor interest, and capital flowing back into the country. It is a strong signal of recovery and momentum in the sector,” he stated.
Earlier, Publisher and CEO of BusinessDay Media Ltd, Frank Aigbogun, noted that BusinessDay has a duty not only to report, but also to point the way to the future.
Seplat Energy’s participation at the event reflects its dedication to shaping Nigeria’s energy future through responsible leadership, innovation, and inclusive growth.
As the country navigates the path from reform to recovery, Seplat remains firmly committed to delivering sustainable value to stakeholders, communities, and the broader economy.
