SEPLAT ENERGY PLC

SEPLAT Energy PLC, established in June 2009 as Seplat Petroleum Development Company, emerged as a prominent indigenous Nigerian independent oil and gas enterprise through a partnership between Shebah Petroleum Development Company Limited and Platform Petroleum Joint Ventures Limited. The company's formation centered on acquiring upstream oil and gas opportunities, particularly divested assets from major international oil companies in the prolific Niger Delta region. It achieved a dual listing on both the Nigerian Exchange Limited and the Main Market of the London Stock Exchange in 2014, signaling its growth and broad investor base. The company later rebranded to Seplat Energy in 2021, reflecting an expanded strategic focus beyond traditional petroleum development to embrace Nigeria's energy transition. SEPLAT Energy's core business revolves around the exploration, development, and production of crude oil and natural gas, primarily operating seven oil and gas blocks within Nigeria's Niger Delta. The company plays a significant role in Nigeria's energy sector, serving as a leading supplier of natural gas to the domestic power generation market through facilities such as the Oben Gas Processing Plant, the ANOH gas processing plant, and a new plant under construction at Sapele. Its portfolio includes interests in various Oil Mining Leases (OMLs) and oil prospecting licenses. A notable subsidiary, Seplat Energy Producing Nigeria Unlimited, operates additional assets, further solidifying the company's position as a key player in hydrocarbon and gas supply across its primary Nigerian market.