Nigerian independent energy company,Seplat Energy Plc has announced the commissioning of its ANOH gas processing plant valued at $650 million.
The President of the Federal Republic of Nigeria, Bola Ahmed Tinubu, inaugurated the facility on Wednesday.
A filing on both the Nigerian Exchange Limited (NGX) and London Stock Exchange (LSE) where the company is listed, indicated that it achieved the milestone without a single recordable Lost Time Incident (LTI) across 12 million man-hours.
According to Seplat, the ANOH gas plant installation works reached mechanical completion on 29th December 2023, in line with the revised timetable.
It further described the plant as a strategic project expected to roughly double Seplat’s gas production and enhance the Federal Government of Nigeria’s initiative to increase the value derived from the nation’s gas assets.
In the first quarter of 2024, Seplat’s production averaged 49,258 barrels of oil equivalent per day (boepd), down 4.8% on prior period (Q1 023: 51,720 boepd), but 5.7% above Q4 2023 production, and towards the upper end of 2024 guidance (44,000 boepd – 52,000 boepd).
Commenting on the latest development , Udoma Udo Udoma, Board Chairman of Seplat Energy, said: “As a testament of our pledge to Nigeria, in partnership with the NNPC Ltd, we have delivered this project that will support the current administration’s drive for industrialization and growth of the economy through low-cost reliable power. We appreciate the unwavering support of our partner NNPCL, the cordial relationship with our host communities, Imo state government and the support of all stakeholders.”
“Seplat Energy is pleased with the progressive reforms by His Excellency President Bola Ahmed Tinubu and his administration. In March 2024, the President signed executive orders that will enhance investments in greenfield gas development and midstream capital projects.”
Similarly, Roger Brown, Chief Executive Officer of Seplat Energy said the ANOH gas project strongly aligns with the company’s mission of leading Nigeria’s energy transition with accessible, affordable, and reliable energy that drives social and economic prosperity.
He said: “The ANOH gas plant is the first of the Seven critical gas projects identified by government and Seplat is honored to be an equal 50/50 partner to NNPCL in this ANOH Gas Processing Company Limited (AGPC) incorporated joint venture (IJV). We earlier announced mechanical completion and we look forward to first gas in Q3 this year.
“ANOH’s gas will further reduce Nigeria’s carbon intensity and increase energy supplied to the Nigerian domestic market. At Assa community of Imo state where the AGPC’s gas plant is located, we estimate over four Trillion cubic feet (>4tcf) of gas which can feed multiple gas plants, making Assa and Imo state a significant gas processing hub, delivering critical gas supply into the Nigerian market.”
