Seplat Energy Reaffirms People, Asset Integrity, and Reliability as Core Pillars for Sustainable Growth
Seplat Energy has reaffirmed that people, asset integrity, and operational reliability remain central to its long-term strategy for sustainable growth in Nigeria’s energy sector.
The company’s Chief Executive Officer, Roger Brown, made this clear on Thursday during the 2025 Africa Energy Week Conference and Exhibition in Cape Town, South Africa, PulseNets learnt.
Speaking during a Fireside Chat themed “Assets Acquisition Success Strategies: Seplat Energy”, Mr Brown noted that Seplat had grown significantly through divested asset acquisitions, unlocking hidden value, while also strengthening efficiency and safety.
He told PulseNets that over the last decade Seplat had successfully integrated major acquisitions, boosting operational performance, enhancing safety standards, and reducing routine emissions across its facilities.
On Seplat’s landmark acquisition of Mobil Producing Nigeria Unlimited’s assets, Mr Brown revealed that the company quickly re-engaged wells and facilities, delivering immediate production results while investing in asset integrity and operational reliability.
“The cultural alignment with our new colleagues has been seamless, and their expertise continues to sharpen performance across the group,” he emphasised.
Mr Brown further disclosed that Seplat’s blend of onshore experience with offshore expertise had strengthened its operations, already yielding improved cash flows from day one. He added that a reserves upgrade had confirmed significant oil and gas potential, with assets strategically located near export infrastructure.
According to him,
“Seplat is confident of increasing production in line with the government’s 3.0 MMbbl liquids target while expanding gas output for both domestic and export markets. We have always approached acquisitions with an operator mindset, focusing on assets where our capabilities can truly unlock value, particularly in mature fields that require agile management.”
Highlighting Seplat’s track record, Brown said the company had consistently revived onshore assets, maintained low-cost operations, strengthened its balance sheet, and ensured steady dividend returns for investors.
He restated the company’s commitment to safety and operational excellence, with a clear focus on maximising production and sustaining cash flows for resilience. He added that Seplat remained a reliable low-cost operator, fully capable of weathering price volatility and prolonged market downturns.
The CEO pointed out that the majority of Seplat’s workforce were highly skilled Nigerians aligned with the company’s vision.
“Our people remain our greatest asset, ensuring shared success for both Seplat and Nigeria’s energy future. We also have a robust leadership pipeline and succession plan to secure continuity,” he told PulseNets.
Meanwhile, Seplat’s Chief Financial Officer, Eleanor Adaralegbe, spoke during a panel on financing upstream projects for domestic energy security. She reported that Seplat had raised over $4 billion in debt financing to fund operations while consistently maintaining a low leverage ratio of less than 1.5x.
Ms Adaralegbe listed multiple financing models, including IPOs, revolving credit facilities, bonds, advance payment facilities, and refinancing legacy loans such as the $110 million RBL. She added that Seplat had obtained $320 million in project financing for ANOH, its joint venture with the Nigerian Gas Infrastructure Company, a subsidiary of NNPC.
According to her,
“International capital remains crucial for Nigerian operators because of high borrowing costs locally. Our dual listing status has been instrumental in helping us refinance, extend maturities, cut debt costs, and maintain moderate leverage.”
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She stressed that Seplat’s strong credibility with lenders was built on asset diversification, steady production, low leverage, financial discipline, tax efficiency, and consistent leadership focus.
With these strategies, PulseNets reports that Seplat continues to position itself as a key player driving Nigeria’s sustainable energy transformation.
