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Minister of Power Promises Improved Electricity Supply to Nigerians

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Minister of Power promises improved electricity supply to Nigerians

The Minister of Power, Alhaji Saleh Mammam, has promised that the Ministry of Power will improve electricity supply to Nigerians.

Speaking with newsmen during the Eld-el-Kabir celebration in Jalingo, Mamman said that communities that were underserved would enjoy adequate service soonest.

He also assured those communities who had not been connected to the national grid that alternative sources of power generation would be provided to them.

The minister urged Nigerians to embrace peace, saying only peaceful coexistence would bring development.

Mamman also called on agitators to give peace a chance and contribute to the ‘one Nigeria’s project’.

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Seplat Energy Commits To Supplying Right Energy Mix For Nigeria’s Growth

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Seplat Energy grows 2021 full-year gross profit by 128.9% to N114.2bn

…Seplat Energy at SPE NAICE 2022 delivered a Keynote that gave an insight into the energy transition conversation and Africa’s place

Olushola Okunlade Writes

Leading indigenous energy company, Seplat Energy Plc has said its greatest business opportunity ahead of it is to supply the right mix of energy to support Nigeria’s growth.

In doing so, the company said it remained committed to making positive social impacts and contributing to Nigeria’s achievement of the United Nations’ Sustainable Development Goals (SDGs).

Mr. Effiong Okon, the Director, New Energy at Seplat said this while delivering a keynote at the 45th edition of the Society of Petroleum Engineers (SPE) Nigeria Annual International Conference and Exhibition (NAICE) themed: ‘Operationalising a Clean Energy Transition for Sustainable Development in Africa’ on Wednesday.

Okon, who represented Mr. Roger Brown, CEO of Seplat Energy, said for a successful energy transition in Africa: “We must support the goals of the Paris Agreement and align with society’s objective to get the world to net zero carbon emissions by 2050, if not before.; as lower-emission hydrocarbons, particularly gas, have a role to play during energy transition by replacing diesel generators and biomass.

“Though hydrocarbon export will continue to be a mainstay of the Nigerian economy and will fund Nigeria’s growth as well as its energy transition, the Oil & Gas Industry has a role to play as a responsible steward of Nigeria’s oil and gas assets, including those that might be divested.”

According to him, in the longer term, the reality and threat of climate change require the decarbonisation of energy systems in Nigeria, but sustainability and transparency must be at the heart of business operations and decision-making.

Speaking on ‘just transition’ Okon noted that there is the need to balance decarbonisation with development, adding that: “Global warming and climate volatility are existential threats to humanity and nature. The world needs to accelerate efforts to achieve net-zero and mitigate warming effects. Africa’s climate, agriculture, and people will suffer most in the coming decades. The problem has been caused by emissions from developed-world countries that have enjoyed their ‘carbon privilege’ and built strong economies on fossil fuels.

“However, we need to consider the reality in the continent. Poverty, hunger, unemployment, and population growth abound here. Africa contributes just 3.3% of global emissions. Most Africans (600 million) lack access to reliable energy, which hampers development. The use of inefficient and costly diesel/petrol generators saps financial resources, drains foreign exchange, and creates pollution.

“Biomass use for cooking causes deforestation, health problems, and nearly 0.5 million premature deaths in Sub-Saharan Africa every year. The developed world’s drive to impose decarbonisation on Africa will constrain development.”

Making the case for gas, the Seplat Director said the developed-world pressures to abandon fossil fuels are being pushed back by recognition of the need to drive development with reliable energy.

COP27, he explained, would focus on how best to achieve this balance for the benefit of tomorrow’s 2.5 billion Africans, of whom 500 million will be Nigerian, adding that given current low emission levels, Africa can achieve a disproportionate improvement in living stands through a globally small increase in emissions from cleaner gas for power and cooking.

He called on players in the continent to leverage oil and gas revenues to cash flow transition, but also tap international transition funding where available, hence the need for good corporate governance.

The Seplat Energy executive, therefore, urged industry operators to focus on quick wins first, which are: decarbonising the upstream and focusing on producing ‘advantaged’ low-carbon barrels with low Scope ½; end routine flaring and redeploy gas to power operations and local communities, and deploy renewables to power operations where possible, and share with local communities.

He added: “We need to develop gas as a transition fuel (Gas-to-power to replace diesel, move along value chain into power, e.g. business parks, large buildings; hybrid gas-to-power / solar offerings; and bottled gas products for domestic use. In addition, we can expand into renewables (hydro, wind, geothermal, blue/green hydrogen; and develop and monetize carbon capture and storage.”

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Seplat Energy Commissions Amukpe-Escravos Pipeline

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Seplat Energy grows 2021 full-year gross profit by 128.9% to N114.2bn

Olushola Okunlade Writes

Seplat Energy Plc, a leading Nigerian energy company listed on the Nigerian Exchange and the London Stock Exchange has announced that it has begun commercial injection of crude oil through the new Amukpe-Escravos Pipeline.    

The 67km mostly underground pipeline is expected to provide a more reliable and secure export route for liquids from Seplat Energy’s major assets OML 4, 38, and 41, connecting them with the Chevron-operated Escravos Terminal. It has a capacity of 160,000 bbl/day, of which the Seplat Energy / NPDC joint venture is entitled to inject 35,000 bbl/day. Dewatering was completed on Friday 29 July and the Site Acceptance Test is now underway with commercial volumes.  

Until now, the Company has relied on the Trans Forcados System, which has experienced numerous disruptions in recent years due to pipeline maintenance and vandalism, which have impacted the Company’s revenues. 

Roger Brown, Chief Executive Officer of Seplat Energy, said: “The commercial launch of the Amukpe-Escravos Pipeline is a significant event for Seplat Energy and for Nigeria, offering a more secure and reliable export route that will assure higher revenues and profitability for Seplat Energy, enabling us to make a larger contribution to Nigeria’s economy.

We commend the work that has made this possible and appreciates the efforts of our partners and all contractors involved to create this more reliable and secure export route for Nigeria’s oil.”

About Seplat Energy Plc: Seplat Energy is Nigeria’s leading indigenous energy company. It is listed on the Nigerian Exchange Limited (NGX: SEPLAT) and the Main Market of the London Stock Exchange (LSE: SEPL).

Seplat Energy pursues a Nigeria-focused growth strategy through participation in asset divestments by international oil companies, farm-in opportunities, and future licensing rounds. The Company is a leading supplier of gas to the domestic power generation market. For further information please refer to the Company website, http://seplatenergy.com/

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Photo News: Dignitaries At SPENAICE 2022

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SPE 2022

By John Meze

The Society of Petroleum Engineers (SPE) Nigeria Council, has commenced its yearly Nigeria Annual International Conference and Exhibition (NAICE) on August 1-3 2022 at Eko Hotel and Suites, Victoria Island, Lagos.

The Conference Theme for SPENAICE2022: “Global Transition to Renewable and Sustainable Energy and the Future of Oil and Gas in Africa.

SPE 2022
Left-Right: Exhibition Committee Chairperson, Bola Femi-Saliu; Chairman, SPE Nigeria Council, Prof.Olalekan Olafuyi; SPE Nigeria BOT Member, Olatunji Akinwunmi; President SPE International, Kamel Ben-Naceur and MD/CEO Kenyon International, Marcel I. Amu at the opening ceremony of Society of Petroleum Engineers (SPENAICE 2022) in Lagos recently.

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