The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksSeplat Energy Regulatory News (SEPL)

Share Price Information for Seplat Energy (SEPL)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 160.00
Bid: 159.50
Ask: 160.00
Change: 3.00 (1.91%)
Spread: 0.50 (0.313%)
Open: 157.00
High: 160.00
Low: 157.00
Prev. Close: 157.00
SEPL Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

ANOH Gas Plant Mechanical Completion

3 Jan 2024 08:30

RNS Number : 5062Y
Seplat Energy PLC
03 January 2024

ANOH Gas Plant Mechanical Completion

Lagos and London, 3rd January 2024: Seplat Energy Plc ("Seplat" or the "Company"), a leading Nigerian independent energy company listed on both the Nigerian Exchange Limited and London Stock Exchange, is pleased to announce that the ANOH gas plant installation works reached mechanical completion on 29th December 2023, in line with the revised timetable.

This milestone has been achieved without a single recordable Lost Time Incident (LTI) across 11 million man hours, a testament to the focus of the whole team on safe and secure operations.

The ANOH Gas Processing Company (AGPC), an incorporated joint venture between Seplat Energy and NNPC Gas Infrastructure Company (NGIC) Ltd, is delivering the ANOH gas plant with Phase One processing capacity of 300mmscfd. Upon commencement of operations, the plant will deliver dry gas, condensate, and LPG to customers. It is envisaged that AGPC will sell the gas and LPG domestically, and the condensates to the international market.

The other key steps to first gas, as outlined in the Company's Interim Results announcement, were the drilling and hook-up of the Upstream wells and completion of essential third-party infrastructure: the OB3 pipeline river crossing and Spur Line connecting OB3 to the gas plant.

Completion of the third well (ASSN-05) was previously announced and the fourth and final well (ASSN-06) planned ahead of first gas has also now been completed by the upstream unit operator, SPDC.

We now look forward to the completion of the necessary plant pre-commissioning activities and essential third-party infrastructure which will enable commissioning of the gas plant and commencement of operations. Our previously communicated guidance for first gas is unchanged.

Roger Brown, Chief Executive Officer of Seplat Energy, said:

"ANOH is an important strategic project for Seplat, it will roughly double our gas production, and we are focused on the path to first gas.

"Once completed, ANOH will provide two income streams for Seplat: wet gas sales from OML 53 to the gas plant and dividends from the joint venture ANOH Gas Processing Company, which will operate the plant.

"ANOH's gas will further reduce Seplat's and Nigeria's carbon intensity and increase energy supplied to the Nigerian domestic market."

Seplat Energy Plc

James Thompson / Ayeesha Aliyu - Investor Relations

+44 203 725 6500 / +234 12 770 400

Email: ir@seplatenergy.com

FTI Consulting

Ben Brewerton / Chris Laing

+44 (0) 203 727 1000

Email:seplat@fticonsulting.com

About Seplat Energy

Seplat Energy PLC (Seplat) is Nigeria's leading indigenous energy company. Listed on the Nigerian Exchange Limited (NGX: SEPLAT) and the Main Market of the London Stock Exchange (LSE: SEPL), we are pursuing a Nigeria-focused growth strategy in oil and gas, as well as developing a Power & New Energy business to lead Nigeria's energy transition.

Seplat's energy portfolio consists of seven oil and gas blocks in the prolific Niger Delta region of Nigeria, which we operate with partners including the Nigerian Government and other oil producers. We also have a revenue interest in OML 55. We operate a 465MMscfd gas processing plant at Oben, in OML4, and are building the 300MMscfd ANOH Gas Processing Plant in OML53 and a new 85MMscfd gas processing plant at Sapele in OML41, to augment our position as a leading supplier of gas to the domestic power generation market. https://www.seplatenergy.com/

This information is provided by Reach, the non-regulatory press release distribution service of RNS, part of the London Stock Exchange. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
END
NRASSSSADELSEFF
Date   Source Headline
5th Sep 201911:52 amRNSDirector/PDMR Shareholding
2nd Sep 20197:00 amRNSResponse to Media Comment
5th Aug 201911:40 amRNSHolding(s) in Company
5th Aug 201911:34 amRNSDirector/PDMR Shareholding
30th Jul 20197:00 amRNSConsolidated Half-Yearly Financial Results
23rd Jul 20195:52 pmRNSAppointment of Non-Executive Director
18th Jul 20194:30 pmRNSNotice of Half Year Results
5th Jul 20193:31 pmRNSCapital Markets Day, Lagos - Postponed
1st Jul 20192:43 pmRNSCapital Markets Day - Lagos
24th Jun 20193:58 pmRNSCorporate Action
10th Jun 201910:00 amRNSCapital Markets Day
4th Jun 20194:36 pmRNSPrice Monitoring Extension
28th May 201910:42 amRNSResponse to Media Comment
17th May 20192:59 pmRNSResult of AGM
2nd May 20191:00 pmRNSDirector/PDMR Shareholding
30th Apr 20197:00 amRNSInterim Management Statement & Q1 2019 Results
8th Apr 20197:00 amRNS2018 Annual Report and Notice of AGM
20th Mar 20199:00 amRNS2018 Full Year Dividend Currency Exchange Rates
6th Mar 20197:23 amRNSFull Year 2018 Financial Results (Part 2)
6th Mar 20197:14 amRNSFull Year 2018 Financial Results (Part 1)
6th Mar 20197:00 amRNSCorporate Actions Announcement
26th Feb 20197:00 amRNSNotice of Results
27th Nov 20183:30 pmRNSDirector/PDMR Shareholding
15th Nov 201811:00 amRNSNotification on License Renewal
14th Nov 201811:56 amRNSQ3 2018 Interim Dividend Currency Exchange Rates
30th Oct 201811:58 amRNSCorporate Actions Announcement
30th Oct 20187:00 amRNSInterim Management Statement & Q3 2018 Results
17th Oct 20185:00 pmRNSNewspaper Publications
31st Aug 20182:01 pmRNSDirector/PDMR Shareholding
29th Aug 20188:00 amRNSListing of Bond on London Stock Exchange
13th Aug 20184:00 pmRNSCorporate Update
8th Aug 20182:00 pmRNSDirector/PDMR Shareholding
30th Jul 20187:00 amRNSConsolidated Half-Yearly Financial Results
25th Jul 20183:36 pmRNSNotice of Half Yearly Results
26th Jun 20183:50 pmRNSDirector/PDMR Shareholding
14th Jun 20184:56 pmRNSDirector/PDMR Shareholding
8th Jun 201810:26 amRNSResponse to Press Speculation
7th Jun 20183:07 pmRNSResult of AGM
17th May 20182:22 pmRNS2018 Interim Dividend Currency Exchange Rates
8th May 20184:52 pmRNSDirector/PDMR Shareholding
2nd May 201812:01 pmRNSRevised Corporate Actions Announcement
30th Apr 20187:00 amRNSCorporate Actions Announcement
30th Apr 20187:00 amRNSInterim Management Statement & Q1 2018 Results
30th Apr 20187:00 amRNS2017 Annual Report and Notice of AGM
29th Mar 20186:03 pmRNSSettlement of High Court Proceedings
21st Mar 20186:29 pmRNSAnnouncement of completion of bond offering
13th Mar 20187:00 amRNSSuccessful $300 million RCF refinancing
13th Mar 20187:00 amRNSAnnouncement of $350 million Bond Pricing
9th Mar 20185:00 pmRNSNotification of Share Dealings by PDMRs
28th Feb 201811:34 amRNSLaunch of U.S. Dollar denominated bond offering

Due to London Stock Exchange licensing terms, we stipulate that you must be a private investor. We apologise for the inconvenience.

To access our Live RNS you must confirm you are a private investor by using the button below.

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.