Seplat Energy Plc
SEPL.L
London Stock Exchange508.00
GBp
+1.00
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Seplat Energy Plc
SEPL.L
(London Stock Exchange)
Recent
price
508.00
P/E
ratio
- -
div
yld
- -
ROIC.AI
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- Business
- Seplat Energy Plc operates as an independent Nigerian energy company focused on the exploration, development, production and processing of oil and natural gas; it engages in upstream and midstream activities across onshore and offshore assets primarily in the Niger Delta region of Nigeria, with additional operations in countries including the Bahamas, Italy, Switzerland, England and Singapore. Founded in 2009 and headquartered at 16A Temple Road, Ikoyi, Lagos, Nigeria, the company is dual-listed on the London Stock Exchange (SEPL.L) and Nigerian Exchange (SEPLAT), producing crude oil and natural gas through key assets such as OMLs 4, 38, 41, 53, 55 and seven oil and gas blocks; its gas operations include processing facilities with capacity up to 525 million cubic feet per day at the Oben hub, compressed natural gas initiatives and renewable power generation pursuits aligned with its net-zero by 2050 roadmap and new energy investment plan targeting gas-to-power, solar and carbon offsets. Seplat Energy targets domestic and export markets, serving industrial, power and international customers with production output exceeding 118,000 barrels of oil equivalent per day on a pro forma basis, 886 million barrels of oil equivalent in 2P reserves, supported by five gas processing facilities and three export terminals; it emphasizes operational excellence, ESG integration including routine flaring elimination by 2025 via Tree4Life afforestation and community programs like Eye Can See and Youth Entrepreneurial Programme. In recent major developments, Seplat Energy finalized its transformative $1.28 billion acquisition of Mobil Producing Nigeria Unlimited (renamed Seplat Energy Producing Nigeria Unlimited) from ExxonMobil in December 2024, more than doubling production capacity to around 120,000 barrels of oil equivalent per day, adding 40% operated interests in OMLs 67, 68, 70 and 104, the Qua Iboe export terminal, Yoho FSO, Bonny River Terminal NGL plant and Aneman-Kpono field while integrating over 1,000 staff and 500 contractors; this follows its 2021 name change from Seplat Petroleum Development Company Plc, ongoing integration efforts shifting 70% of production offshore for enhanced revenue stability, and 2024 financial results showing $1.116 billion revenue, $539 million adjusted EBITDA and 16.5 cents per share dividend, up 10% year-on-year.