Seplat Energy’s CEO, Roger Brown, has revealed that the company sees an estimated 14 trillion cubic feet (TCF) of untapped natural gas in its newly acquired assets in Akwa Ibom State.
Speaking at the Heirs Energies Leadership Forum 2025 in Abuja, Brown highlighted Nigeria’s potential to accelerate oil and gas production, unlock gas reserves, and drive sustainable energy growth.
He reaffirmed Seplat Energy’s commitment to expanding domestic gas supply and increasing oil production, aligning with the government’s push for energy security.
Expanding Gas Supply to 850 Million SCF
Brown stated that Seplat Energy plans to deliver 850 million standard cubic feet (SCF) of gas to support domestic industries, including power generation, fertilizer production, and LNG.
“We are committed to Nigeria’s energy future, investing in safe and efficient operations to ensure long-term energy security and growth,” he said.
Seplat’s $1.3 Billion Acquisition and Growth Prospects
In 2023, Seplat Energy acquired Mobil Producing Nigeria Unlimited (MPNU) from ExxonMobil for $1.3 billion, gaining equity in 11 oil blocks, 48 producing fields, 5 gas processing plants, and 3 export terminals in Akwa Ibom. This acquisition is expected to double Seplat’s oil production capacity and maximize the potential of mature assets through strategic investments and high-impact drilling.
Nigeria’s Oil Production Target
With the government aiming to produce over 2 million barrels per day (bpd) by 2025—up from 1.5 million bpd in January—Seplat Energy’s investments are set to play a crucial role in bridging the supply gap and supporting national energy goals.
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