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Seplat Energy Plc has reached a milestone with the successful completion of mechanical and installation works at its Anoh gas plant, setting the stage for a considerable boost in the company’s gas production capacity upon full operationalization.
Located in Nigeria’s southeastern region, near Owerri, the Anoh gas plant symbolizes the collaborative venture between Seplat Energy Plc and NNPC Gas Infrastructure Company Ltd.
Roger Brown, Seplat’s Chief Executive Officer, emphasized the strategic significance of the Anoh project, stating, “Anoh is an important strategic project for Seplat.”
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Shedding light on the dual revenue expectations, he stressed the project’s anticipated financial gains, chiefly arising from gas sales linked to the company’s OML 53 field to the plant, as well as dividends emanating from the joint venture responsible for operating the facility.
Projecting a substantial boost in production capacity, Seplat, a key player in the oil and gas industry listed on both the Lagos and London stock exchanges, anticipates the Anoh plant to process a maximum of 300 million cubic feet of gas daily post the completion of its initial development phase.
The projected output includes dry gas, condensate, and liquefied natural gas (LNG), as Seplat strategically aims to capture the domestic market for liquefied petroleum gas (LPG) sales, concurrently venturing into the international market with exports of condensates.
Analysts posit that Seplat Energy Plc’s expansion in production capacity and the diversification of its product range for both domestic and international markets position the company for a substantial advancement in the energy sector.
