- All projects to achieve that milestone are intact
“For Nigeria, it is important we use what we have (which is gas) to address the energy challenges we have and further boost energy access for our people.”
Seplat Energy plc, leading other indigenous energy companies in Nigeria says its commitment to driving and ensuring a sustainable business and creating increased value for people and the environment is not negotiable.
The company also reiterated its resolve to addressing the dual challenges of ensuring energy security and meeting climate change mitigation targets.
The Director, New Energy, Seplat Energy, Mr. Okechukwu Mba gave the assurance during a panel session at the Society of Petroleum Engineers (SPE) Nigerian Council’s 47th Nigeria Annual International Conference & Exhibition (NAICE) in Lagos, with the theme, “Energy Security: Exploring the Interplay Between Technology, Market Dynamics and Organizational Capabilities”.
Mba, who represented Mr. Roger Brown, CEO Seplat Energy Plc at the session said every molecule of gas Seplat Energy produces was targeted at displacing utilizable diesel, adding that even the company’s new gas plant developments now come with Liquefied Petroleum Gas (LPG) installations, which will promote clean energy and discourage the use of biomass for cooking.
“We are committed to ending routine gas flaring by 2025, and all projects aimed at making this a reality are on track”, Mba assured. In a bid to end gas flaring as targeted, Seplat Energy has continued to progress efforts to secure evacuation options for unprocessed associated gas from the Sapele Flow Station. Construction work, alongside this, is also ongoing at the Sapele Integrated Gas Plant (SIGP), which is scheduled to be completed during H2 2024 and once operational, SIGP offtake has the potential to materially reduce Group Scope 1 emissions.
Other ongoing key flare-out projects include, the Western Asset Flares Out (installation of VRU compressors), Sapele LPG Storage & Offloading Facility, Oben LPG Project and Ohaji Flares Out Project – all are on track, and to be completed within schedules.
The Seplat New Energy Director also referenced the company’s Tree4Life initiative, which recently saw the NEPL/Seplat Energy joint venture and the Edo State Government sign an agreement that allocates 6,000 hectares of land from Edo State protected forest reserves to enable a large-scale tree planting initiative by the energy firm. This is in furtherance to increasing forest cover and carbon sequestration efforts within the region while ensuring a sustainable environment for living.
The efforts by Seplat Energy and other operators to drive LPG penetration in Nigeria also received commendations from the 2024 SPE NAICE participants and organizers, as the moves are expected to boost supply of LPG in Nigeria and possibly bring down prices of the commodity, thus promoting accessibility and energy security.
Equally speaking of the company’s commitment to ensuring sustainable business partnerships, Mba said all efforts were being made to check any form of production deferment and downtime through strong partnerships with suppliers, who are continuously supported to succeed in delivering value to the firm and its other stakeholders.
On the current opportunity available to Nigeria to ensure energy security, he said: “For Nigeria, it is important we use what we have (which is gas) to address the energy challenges we have and further boost energy access for our people.”