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Seplat Energy Appoints Ezugworie As COO, Executive Director Board

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

Olushola Okunlade Writes

The Board of Seplat Energy Plc has announced the appointment of Mr. Samson (Sam) Chibogwu Ezugworie as the new Chief Operating Officer and Executive Director on the Board of the Company effective 1st July 2022.

Mr. Ezugworie comes with over 30 years of extensive industry experience. For the last 25 years was with Royal Dutch Shell in Nigeria and Overseas. Mr. Ezugworie has built a strong reputation as a business/safety/ethical leader and integrator.

Specifically, and prior to joining Seplat Energy, Mr. Ezugworie delivered exceptional business performance as Manager Geosolutions,  Manager,  Land Asset, and  General Manager Development & Subsurface for Shell Companies in Nigeria. He also served as a Director in Shell Exploration & Production Africa Limited (SEPA), Shell Petroleum Development Company of Nigeria Limited (SPDC), and Shell Nigeria Business Operations Limited (SNBO). Sam holds a B.Sc degree in Geology, obtained from the University of Nigeria, Nsukka.

Mr. Effiong Okon
Mr. Effiong Okon.

The Board also wishes to announce that Mr. Effiong Okon, the Operations Director and Executive Director on the Board of Seplat Energy will step down from the Board of Seplat Energy effective 1st July 2022. Mr. Okon was appointed as the Operations Director and Executive Director in February 2018 and has since then invested his time, experience, and skills in the growth of the Company. Mr. Okon will assume a new position as the Director of New Energy to lead the New Energy Directorate of the Company effective 1st July 2022, to significantly accelerate the development of the new energy business and advance the Company’s agenda on energy transition.

Commenting on the appointment, Mr. Basil Omiyi, Chairman of Seplat Energy said:

“The Board is pleased to welcome Mr. Samson (Sam) Chibogwu Ezugworie as the Chief Operating Officer and Executive Director on the Board of Seplat Energy and wishes Mr. Effiong Okon success in his new role as Director of New Energy which is a critical one for the future of the Company”.

Energy

Savannah Energy Signs New Gas Sales Agreement with Notore Chemical Industries PLC

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Savannah Energy Signs New Gas Sales Agreement with Notore Chemical Industries PLC

By John Meze

Savannah Energy PLC, the British independent energy company focused on the delivery of Projects that Matter in Africa, has announced that the Company’s 80% indirectly owned subsidiary, Accugas Limited, has entered into a new gas sales agreement (“GSA”) with Notore Chemical Industries PLC (“Notore”).

Accugas will supply Notore with up to 10 MMscfpd of gas to augment its current supplies. The contracted supply is on an interruptible and reasonable endeavours basis, based on gas availability and nominations, for an initial term of one year, with the option to extend for a mutually agreed period. Notore’s fertilizer production plant is connected to the Accugas network via the Nigerian Gas Company pipeline from Ikot Abasi and no further tie-in or capital expenditure is required by Accugas to deliver gas to Notore.

Notore Chemical Industries PLC, formerly Notore Chemical Industries Ltd, is a Nigeria-based integrated agro-allied, chemicals and infrastructure company located in the Onne Oil and Gas Free Zone area of Rivers state in southern Nigeria. Notore’s primary business is the production of urea, ammonia, and NPK blend fertilisers and sale to the Nigerian and international markets. Notore’s facility has a production capacity of 1,500 metric tons (MT) per day of urea and 1,000 MT/day of ammonia.

Andrew Knott, CEO of Savannah Energy, said: “I am pleased to welcome Notore as a new gas customer to Accugas, representing our tenth customer site in total (versus three at the time of our acquisition of the Accugas business in 2019). We look forward to developing our working relationship with Notore over the course of the coming months and years.

Savannah Energy PLC is an AIM-quoted British independent energy company focused on the delivery of Projects that Matter in Africa and is active in Cameroon, Chad, Niger, and Nigeria.

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Bonny Light Energy Offshore Set To Supply 60m Litres Aviation Turbine Kerosene

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Bonny Light Energy Offshore Set To Supply 60m Litres Aviation Turbine Kerosene

By John Meze

In an effort to ameliorate the aviation fuel supply disruption to the aviation industry, Nigeria’s emerging indigenous oil and gas major, Bonny Light Energy  Offshore Limited, has agreed to the supply of 60,000,00 0 litres of Aviation Turbine Kerosene (ATK) in the next six months.

This projected supply aligns with the pressing need for an increased supply of the much-needed fuel to sustain flight operations for millions of travelers in the country.

Speaking on this commitment, Mr. Toyin Banjo, Chief Executive Officer, Bonny Light Energy, and Offshore Limited, stated that the company’s response aligns with the company’s desire to salvage the Nigerian aviation sector from the daunting effects of the fuel shortage that is ravaging the global airline industry.

“The aviation industry is one of the most energy-intense sectors in the global economy regarding its consumption metrics. Unfortunately, as the industry began recovering from the COVID-19 pandemic-inspired slump in the global aviation sector, external pressures such as the Russia-Ukraine war have driven a sudden hike in fuel prices worldwide, which has resulted in a shortage of aviation fuels, thereby leading to this national aviation crisis.

“This is where our contributions come in. We are aware that Nigeria must build on its reputation of having a stable aviation industry, especially as it is the economic hub of Africa. However, as we have seen in recent times, global constraints can plunge our local aviation sector into a supply crisis despite Nigeria’s oil-rich status.

“As a responsible organisation with an understanding of the intricacies of international energy supply dynamics underpinned by our local knowledge of the Nigerian aviation space, we are committing a total of 60,000,000 litres of aviation turbine kerosene (ATK) monthly over the next six months.

“All things being equal, we are envisaging a supply of 60,000,000 litres of ATK, by the end of the year. We strongly believe that this corporate action will positively affect the supply crisis in Nigeria’s aviation industry and provide much-needed relief in the already strained sector.

“We, however, understand the complexities of the global aviation industry, as well as the existence of numerous factors which may impede the fulfillment of our projection. Some of these constraints include the paucity of foreign exchange, poor competitive currency lines by banks to support importers and marketing companies, and high logistics costs for transshipment or trans-loading of time-critical products.

“Despite these factors, we will continue in our strides, having supplied the market with similar volumes in the last quarter, ensuring that the projected volumes are achieved as an enduring solution to this supply gap in our aviation industry, especially in the imminent Ember Months and the electioneering season,” he further stated.

Bonny Light Energy and Offshore Ltd is an emerging corporation in Nigeria’s indigenous exploration, production, pipeline transportation, strategic storage, and marketing of petroleum products.

Over the years, the company has built expertise in the upstream, downstream, and midstream sectors of the oil and gas industry in Nigeria. It trades in both crude and refined petroleum products, which include Motor Fuels (Gasoline), Industrial Oils (AGO/Gasoil, Baseoil LPG) Aviation Fuels (ATK), Lubricants, and other various specialist oils (Bitumen).
 As a leading integrated Nigerian oil and gas exploration and production company, Bonny Light Energy augments a wide range of energy needs in the economy’s upstream, midstream, and downstream sectors – markets refined petroleum products and provides jetty services.

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Energy

Seplat Energy’s MPNU Ministerial Approval Stands, No Withdrawal

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

Olushola Okunlade Writes

Seplat Energy has officially responded to some false reports that the Ministerial Approval of the Company’s proposed acquisition of the entire share capital of Mobil Producing Nigeria Unlimited (“MPNU”) has been withdrawn.

The company deemed it fit to state categorically that the ministerial appointment stands and there was no withdrawal of any kind at all.

Seplat Energy Plc become aware of a news report claiming that Ministerial Approval of the Company’s proposed acquisition of the entire share capital of Mobil Producing Nigeria Unlimited (“MPNU”) has been withdrawn on Thursday 11 August 2022.

Seplat Energy has received no official notification of such a decision and is seeking clarification from the relevant authorities.

“We will continue to work with all parties to achieve a successful outcome for the proposed acquisition and will provide an update in due course” the company assured.

This announcement is made pursuant to Rule 17.10 of the Rulebook of the Nigerian Exchange, 2015 (Issuer’s Rule).

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