Seplat Petroleum Development Plc is set to grow its gas business to become the largest supplier of processed gas to the domestic market in Nigeria in the coming year.
Chief Executive Officer of Seplat, Mr Austin Avuru who disclosed this in Lagos during post Annual General Meeting briefing said the next driver of step- change growth for gas business will be the ANOH gas and condensate project the company took final investment decision on March 2019.
He said the project will see a phase one development of a 300 MMscfd midstream gas processing plant on OML 53 that will purchase and process the wet gas from the unitized gas field at OML 53 and OML 21 which is operated by Shell and in which Seplat have a 20 per cent unitised upstream interest. To deliver the new gas plant, he said ” we
have formed an incorporated joint venture, AGPC with NGC in
which we have a 50 per cent equity interest. The project
will see large scale gas reserves in the eastern Niger Delta
connected to Nigeria’s major demand centres.He expressed optimism that Seplat was uniquely
positioned to deliver the project by capturing repeatability
gains and leveraging on its experience of developing the
Oban gas processing hub at OMLs 4,38 and 41 where the
company has installed additional 375 MMscfd processing
capacity to take over all total capacity to the 525 MMscfd
level today”. Speaking further he said, upon delivery of ANOH
project and combined with Seplat’s existing gas
business, there will be sufficient gas procesding capacity
capable of supporting over 300 Mega watt of power