Seplat pledges low cost energy supply in Nigeria
Sopuruchi Onwuka
Managing Director of Seplat Energy PLC, Mr Roger Brown, has declared the commitment of the company to lead supply of low cost energy to propel Nigeria’s economic and social advancement.
He also pledged the company’s determination to deploy necessary measures to align with pan-industry response to governments call for oil production boost.
Mr Brown who featured on panel discussion for independent petroleum companies at the ongoing Nigerian International Energy Summit (NIES) in Abuja stated that the company staked early investments to harness natural gas for power generation and industrial application.
It was noted at the conference that whereas less endowed nation like Egypt feeds its domestic economy with some 50,000 megawatts of electricity, Nigeria currently struggles with paltry 4000 megawatts.
Mr Brown pointed out that good application of the nation’s abundant natural gas resources hold potential to address all the county’s energy challenges.
He told delegates at the event that the company’s acquisition of more gassy assets from ExxonMobil further strengthens its potential to deliver more energy and sundry values to the domestic economy.
The Oracle Today reports that Seplat made the foremost investments in the country’s domestic gas valorisation programs. And its significant ANOH gas project is an acknowledged game changer in the country’s race for affordable energy.
Mr Brown explained at NIES that Seplat took early position in the gas sector because its management saw the future role of gas in fueling industrialization and firing electricity generation plant.
He noted that gas holds potential for a mix of domestic energy diversification, export revenue and industrialization for Nigeria and Africa.
He boasted that Seplat has positioned to be the most reliable supplier of gas for electricity generation as part of its commitment to lower the cost of energy across the full spectrum of the economy.
Besides leading gas investments and crashing cost of energy supply, Mr Brown also noted that his company’s monetization of natural gas also plugs directly into Nigeria’s decarbonizatio agenda which entails emissions reduction.
Mr Brown also pledged the company’s alignment with industry peers to accelerate oil and gas production growth required to enable government close fiscal gaps.
Chairman of Oil Producers Trade Section (OPTS) of the Organized Private Sector (OPS), Mr Osagie Okunbor, who also spoke at the event, noted that recent divestments by international oil companies delivered assets into the hands of capable and motivated independent companies like Seplat.
Mr Okunbor who is the Chairman of Shell companies in Nigeria called on the government to provide full support to the industry to enable it meet the ambitious production targets.
The Oracle Today reports that the conference called for all necessary policy, regulatory and operating measures to guarantee sufficient energy supplies to the economy.
