Udoma: Seplat seeks to partner on Nigeria’s energy transition drive

Seplat Energy, a prominent energy company in Nigeria, is looking to partner with and fully support the Nigerian government's energy transition drive. Udo Udoma, the Board Chairman of Seplat Energy, expressed optimism about the ongoing Exxon Mobil Producing Nigeria deal, highlighting it as a potential driver for more oil business prospects and the firm's plans for gas, electricity, and renewable energy projects. Udo Udoma emphasized the company's ambitious targets and commitment to maintaining and enhancing Seplat Energy's solid foundation. He stressed the importance of aligning with the Nigerian government's energy transition goals and running the company based on the highest corporate governance principles. Seplat Energy aims to bring value to various stakeholders, including shareholders, local communities, and the government. Udoma highlighted the role of good management, investments, and achieving business plans in creating value for stakeholders through increased earnings, social responsibility fulfillment, and tax contributions. With a focus on sustainability, Seplat Energy has three main pillars: oil, gas, and renewable energy. The company plans to develop these pillars to adapt to changing times and drive progress in the energy sector. Projects include efforts to leverage gas for electricity generation, as well as initiatives in compressed natural gas (CNG) and liquefied natural gas (LNG). Looking ahead, Seplat Energy envisions a significant contribution to the Nigerian economy as a leading energy company. The company's investments in oil and gas, including the acquisition of ExxonMobil's equity in NPNU, are part of the strategy to boost production and become a major gas supplier to the economy. Seplat Energy also aims to play a key role in the electricity sector, further solidifying its position as a major player in Nigeria's energy landscape. Udo Udoma's strategic vision and commitment to sustainable practices underscore Seplat Energy's dedication to driving the energy transition in Nigeria and contributing to the country's economic growth and development.