Seplat Petroleum Development Company

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Seplat Petroleum Development Company (SEPLAT) is a leading Nigerian independent oil and gas company listed on both the London and Nigerian stock exchanges with a strategic focus in the Niger Delta of Nigeria.

SEPLAT was formed in June 2009 through the partnership of Shebah Petroleum Development Company Limited and Platform Petroleum Joint Ventures Limited to specifically pursue upstream oil and gas opportunities in Nigeria, and in particular divestment opportunities arising out of the incumbent Major IOC’s portfolios.

In July 2010, SEPLAT acquired a 45 percent participating interest in, and was appointed operator of, a portfolio of three onshore producing oil and gas blocks in the Niger Delta (OMLs 4, 38 and 41) which include numerous producing fields and future development opportunities. Through the implementation of a focused re-development work programme and extensive drilling campaign SEPLAT subsequently grew oil production to a peak rate of 85,200bopd and had almost doubled its remaining reserves as at end 2015. In June 2013, SEPLAT acquired an interest in the Umuseti/Igbuku marginal field area within OPL 283 and in February 2015 acquired interests in OML 53 and OML 55.

Alongside its oil business, the Company has also successfully begun to commercialise, develop and monetise the substantial gas reserves that exist in its blocks. SEPLAT was quick to see the opportunity of the increasing importance of natural gas as a key source of energy for Nigeria. In 2015, SEPLAT installed and commissioned a new 150MMscf/d gas processing facility at its Oben hub, taking gross overall processing capacity from 150MMscf/d to 300MMscf/d. In 2016 the Oben gas processing facility was expanded with the installation of additional 225MMscf/d processing modules. The expansion projects have increased SEPLAT’s gross gas processing capacity to 525MMscf/d, making the company a leading supplier of natural gas to the Nigerian market; a key driver of energy supply nationwide.

SEPLAT has built strong relationships with its key local communities, promoting trust and confidence amongst its various stakeholders that facilitates the creation of shared value. In December 2010, the Company entered into a 5-year Global Memorandum of Understanding with the communities within OMLs 4, 38 and 41 which host its operations and established a trust fund for community projects. This was successfully renewed in 2015 for another 5 years. To continue to nurture these relationships, SEPLAT is fully focused on proactive engagement with the communities where it operates, implementing community projects based on sustainable development principles. These initiatives continue to promote local capacity building, support host community participation and enhance the quality of life for individuals within these local communities through the provision of high-standard free healthcare, implementation of education and community development programmes, skills training, educational scholarships / grants and the development of local infrastructure.

The Company’s mission is to build and sustain a world-class oil and gas company through innovative partnerships and premium value delivery with a vision to be a world-class energy company delivering premium value to all stakeholders. The Company encourages and promotes diversity and equality of opportunity throughout the business, and appreciates that its people constitute its most valuable asset.

In recognition of the company’s achievements, SEPLAT won the Best Africa listing 2014 award by Africa Investors (Ai), “Mid-Cap Company of The Year 2014” award by the Oil and Gas Council was named a “Global Growth Company 2014” by the World Economic Forum in 2014 and received the “Best CSR Sole Risk/ Independent Company of the Year” award by Businessday at the 2016 Businessday-Oval Energy Oil & Gas Roundtable Awards, amongst other awards.

On February 8, 2015, it was announced the Seplat had purchased stakes in two onshore Nigeria blocks Thursday from Chevron Nigeria for a combined $391.6 million.[1]

Elders Council of Ugborhen Community Introduced Newly Elected Executives,[2] To Seplat Petroleum Development Company Limited

The Elders Council of Ugborhen Community on Tuesday February 18 introduced members of the newly elected executive to Seplat Petroleum Development Company Limited to pilot its affairs within the next three years.

In a letter signed by the Okpako-amua (most eldest man) of the community, Pa.David Ikprukpru, Okuoghara Leader, Pa.Jacob Ekpekpe, Okuikoro Leader, Pa.Moses Idama, Chairman Ugborhen District, Pa.Ukpmueyi Edota, Okuekpoghor Leader, Mr.Matthew Abaigbodi, Udumugbaku Leader, Mr.Moses Okagbare, Secretary, Mr.Romafuru Biadoyo and Spokesman, Mr.Michael Esiyede.

The elders enjoined Seplat to carry out all transactions concerns Ugborhen Community with newly elected executive led by Chief Anthony Amitaye as President. Others are Mr.Friday Okokoro,Vice President, Comrade Peter Awe, Secretary, Hon.Lawrence Ladun, Assistant Secretary, Mr.Moses Omadud,Treasurer, Mr.Robert Abayigbodi, Spokesman, Mr.Gulf Okpigben, Public Relations Officer, Mr.Peter Ikprukpru, Financial Secretary, Mr.Felix Alomere, Member, Mr.Henry Ekuajemi, Member, Mr.Peter Umukoro, Member, Mr.Peter Erikefe Ukuegbuwa, Member, Mr.Raphael Okologo, Member, Mr.Obaro Lucky Adjohwoemu, Member, Mr.Daniel Ekpekpe, Member, Mr.George Okologo, Member, Mr.Stephen Umukoro, Member, Mr.Francis Umukoro, Member, Mr.Sylvester Ekpekpe, Member and Mr.Henry Eyarefe, Adviser.

Base & Logistics Manager, Seplat Petroleum Development Company Limited, Prince Chuks Igeleyan sue for harmonious relationship between Seplat and the newly elected executive of Ugborhen Community pointing out that Seplat had enjoyed good relationship with the immediate past executive led by Mr.Henry Eyarefe.

Responding, Chief Anthony Amitaye summed it thus" in as much as we lay them down, discuss them and agreed on them, i can assure you this executive will be better than the past executive".

References[edit]

  1. ^ "Chevron sells $390 million Nigeria block stakes to Seplat". Petro Global News. Retrieved 18 February 2015. 
  2. ^ Naija, Tafia (19 February 2014). "Newly Elected Executives" (Naija Tafia). Retrieved 19 February 2014.