By Adewale Sanyaolu
Nigeria’s independent oil and Gas Company, Seplat Energy, says it will highlight key gas focused investments opportunities at the African Energy Week (AEW): Invest in African Energy conference.
The event is Africa’s premier energy summit, slated for November 4-8, 2024. Committed to leading Nigeria’s energy transition through the development of gas resources, Seplat Energy’s participation will contribute to discussions around sustainable energy development in Africa.
Seplat Energy aims to start production at the $650 million ANOH Gas Processing Plant in Nigeria by Q3, 2024. The project will increase the company’s gas production two-fold, the project achieved mechanical completion in December 2023.
A strategic development for the company, the project will produce 300 million cubic feet of gas per day (mcf/d) – predominantly for the domestic market – thereby supporting the transition away from diesel-fired power generation in Nigeria.
During the summit, Seplat’s Chief Executive Officer, Roger Brown, will provide insight into the role of gas in Africa as the event aims to increase investment across the energy value chain.
The AEW, Invest in African Energy, is the platform of choice for project operators, financiers, technology providers and government, and has emerged as the official place to sign deals in African energy.
In addition to the ANOH Gas Processing Plant, Seplat Energy aims to complete upgrades to its Sepele Gas Plant this year.
The upgrades will increase the project’s production capacity from 60 mcf/d to 90 mcf/d, with processed gas set to meet export specifications while eliminating flared practices.
Seplat Energy also operates the Oben Gas Plant, situated near the Oben field in Edo State. Gas is supplied from the Oben-48, Oben-49 and Oben-50 wells, utilised for power generation purposes. Currently, the facility accounts for 35 per cent of the country’s electricity.
Uniting investors and developers with African projects, AEW: Invest in African Energy takes place under a mandate to make energy poverty history by 2030. The event promotes the development of African gas, recognising the role the resources play as a catalyst for multi-sector growth in Africa.
Brown’s participation during the event this November will strengthen the discussion on monetising African gas.