Seplat Energy has solicited the support of the Federal Government to overcome legislative and regulatory challenges.
It’s Managing Director, Dotun Isiaka, stated this when he led a senior management meeting with the Minister of State for Petroleum Resources(Oil), Mr.Ekperikpe Ekpo in Abuja.
He explained that the FG’s support would facilitate their operations and enable them meet their targets for major gas projects Isiaka further informed Ekpo that the company has engaged potential offtakers for natural gas from their assets.
The meeting provided an opportunity for Seplat Energy Producing Nigeria Unlimited ( SEPNU’s) leadership to brief the Minister on their progress since taking over operatorship of assets from ExxonMobil in December 2024, with a focus on the gas components of the divestment deal.
In his remarks, Ekpo, urged SEPNU to accelerate its natural gas delivery efforts for domestic use and export.
Ekpo commended SEPNU’s management for the successful takeover and expressed optimism about their potential to expedite Gas Sales Agreements (GSAs) negotiations and execution. These agreements are crucial for catalyzing the gas industry and delivering much-needed natural gas to the nation through priority projects.
The Minister emphasised the importance of SEPNU working harmoniously with its host communities to deliver value to all stakeholders and solidify its position as a leading independent indigenous energy company.
The gas Minister urged SEPNU to remain committed to its project timelines, stressing that adherence to these timelines is critical for the successful execution of their projects to deliver the desired positive results to the Nation’s economy. He noted that the company’s success would be instrumental in aligning with Nigeria’s goal of leveraging its abundant gas resources to drive economic growth and development.
Ekpo lamented Nigeria’s paradoxical situation as a major gas-endowed nation with alarmingly low natural gas utilization, saying operators like SEPNU should partner with the Government to correct the trend.
He emphasised the government’s commitment to promoting indigenous participation in the oil and gas sector, driving economic growth through sustainable energy development, and fostering a conducive environment for investment.
The Minister expressed his willingness to collaborate with Seplat Energy to overcome legislative and regulatory hurdles, such that would enhance the company’s ability to deliver natural gas to the Country.
Source: Sun
