Seplat Energy Summit 2020
About the Event
The Seplat Energy Summit is a crucial meeting point to debate challenges and solutions for the transition to a future sustainable energy system in Africa. The main focus of the Summit is the role of the energy transition towards a sustainable society while continuing to be a driver for economic growth in Africa.
Seplat Energy Summit 2020 assembles global experts to speak powerfully to the energy needs of the Continent and insights to its impacts on Business Sustainability, Strategic Leadership on Energy transition in Africa.
The Summit blends keynote discussions and panel sessions among local and international experts from diverse sectors and government to deliberate perspectives of Renewable Energy.
There will be around 18 speakers and panel participants provide valuable insights on the challenging cases on the role of energy systems to build a sustainable Africa Economies.
Role of energy and power in the sustenance of economic activities and their contribution to the standard of living cannot be over-emphasized for any nation. The availability and consumption of energy is an index of prosperity in any country. African governments need more power to meet the rising demand, due to population outburst, inevitable industrialization, more agricultural production and improving the living standards.
There is an increasing focus on the negative impact of energy production and utilization on the environment. Renewable energy development is an alternative to improving energy supply without environmental degradation. However, the challenges to energy transition due to economic, social, technical and political barriers abound.
The current volatile global oil market coupled with the COVID-19 pandemic requires organizations and the country be more adaptive and capable of pursuing measures that will enable them to survive.
Overcoming the business challenges confronting everyone has substantial implications for sustainability and demands an understanding of a new set of skills, approaches and perspectives required for survival. Achieving this will hasten overcome the challenges in making a meaningful impact on the energy mix in African nations.
Seplat’s portfolio comprises eight blocks in the Niger Delta, four of which Seplat operates directly.
To be a world-class independent energy company delivering premium value to all stakeholders.
To sustainably deliver profitable, diversified energy solutions through operational excellence, skilled workforce and effective partnership.
Who we are
Since Seplat acquired its first blocks and commenced production in 2010, the Company has increased oil and gas production and grown reserves in each year of operation and is today widely recognised as a leading Nigerian independent oil and gas operator. Underpinning Seplat is a strong balance sheet and profitable production base with a balanced mix of oil and gas.
What we do
Seplat is a leading independent oil and natural gas producer in the prolific Niger Delta area of Nigeria. The Company’s focus is on maximising hydrocarbon production and recovery from its existing assets, acquiring and farming into new opportunities in Nigeria (specifically those which offer production, cash flow and reserve replacement potential, with a particular focus on the onshore and shallow water offshore areas) and realising the upside potential within its portfolio through exploration and appraisal activities. .
The only Nigerian company fully listed on the Nigerian Stock Exchange and London Stock Exchange
In April 2014, Seplat completed the first ever dual listing on both the London Stock Exchange and the Nigerian Stock Exchange. Seplat raised US$535 million in an initial public offering that ranked as the largest for a sub-Saharan Africa company since 2008 and the second largest ever for a Nigerian company, demonstrating the international investor appetite for leading Nigerian indigenous players in the oil and gas sector. The capital raised allowed Seplat to further implement the Company’s business strategy, including the acquisition of additional blocks.
A strong track record
Seplat has a strong reserve base and proven track record of converting contingent resources to reserves. The management team has also achieved a consistent increase in gross operated oil production and boasts a record of value-accretive acquisitions.
Since making its first acquisition in 2010, Seplat has risen to become a leading indigenous oil and gas operator in Nigeria. The Company has increased its production and reserves year on year and has consistently grown revenues and profits since it commenced operations. Gross operated liquids production at OMLs 4, 38 and 41 at the time of acquisition was 14,000 bopd. Through the implementation of a focused re-development work programme and drilling campaign, the Company grew this to a peak rate of over 84,000 bopd, representing a six-fold increase and significantly ahead of the peak rate achieved by the previous operator of approximately 56,000 bopd in 1996.
Alongside its oil business, the Company has successfully established itself as the pre-eminent supplier of natural gas to the domestic market in Nigeria through substantial investments made in the commercialisation, development and monetisation of the substantial gas reserves that exist on its blocks. Whilst natural gas was commonly viewed as a by-product from oil production in previous years, Seplat was quick to see the opportunity of the increasing importance of natural gas as a key source of energy for Nigeria. The Company has responded by investing in the installation of dedicated gas production and processing facilities and the drilling of gas production wells to meet domestic supply obligations and provide feedstock to power projects that will help increase Nigeria’s power generation capacity. Rather than being the by-product, natural gas for Seplat is a valuable primary commodity in its own right that will form a significant component of its future growth and success in Nigeria.
Visit www.seplatpetroleum.com for more information
Schedule of Events
The Seplat Energy Summit: Business Sustainability and Strategic Leadership in Africa
In the global economy of the 21st century, the issues facing the Continent are complex, challenging and fraught with opportunities and threats. Strategic leadership is increasingly becoming the main focus and the vital issue facing contemporary organizations and countries on the Continent. Without effective strategic direction, the capability of an organization or a country to achieve or sustain its competitive edge becomes constrained.
The astonishing transition in energy from a carbon-intensive fossil fuel system to a low carbon, renewable energy system; is currently driven by a combined prospect to alleviate climate change and foster economic prosperity in the world.
Strategic leadership could positively contribute to effective strategy implementation of energy transition in Africa propelling the Continent over its challenges and enable renewable technologies. There are excellent potentials that this could open new avenues for innovation and growth with possibilities of providing universal access to reliable, modern, affordable and sustainable energy while promoting economic growth.
The 54-nation continental free-trade zone, expected to create a $3.4tn economic bloc with 1.3 billion people across Africa, would facilitate economic growth. However as many countries focus on containing the coronavirus pandemic the commencement of trading under the AfCFTA from the initial slated date of July 1, 2020, was postponed. This bloc has the potentials to be the largest new trading bloc in the world. What could be the impact of Intra Africa Trade Agreement in Sustainability and inclusive economic growth? What is the effect of the delay with the commencement and any implications it might have on the policy and political issues around this crucial agreement?
SEPLAT: Our Journey
Seplat has grown to become a leading Nigerian Independent respected for its stellar performance since it began operations in 2010. This session takes you to the boardroom where three directors of the company discuss what makes Seplat a well-run company.
Panel Session One : The impact of Global Energy Transition on African Economies
The Continent faced with enormous challenges of meeting its vision of accelerated economic and industrial development with limited access to energy for its growing population calls for a new vista. Lack of access to power constrains new economic growth and negatively affects life expectancy and quality of life. Without efficient energy supply, the adoption of emerging technologies in areas from healthcare to education to agriculture becomes severely limited. To overcome these challenges enabling fast and future-fit energy transition becomes crucial.
This panel will explore imperatives for a strategic framework for the energy transition in the Continent as falling costs of vital renewable technologies open new avenues for innovation and growth. It will examine the new wave of dynamism required to provide the lacking access to reliable and affordable energy to boost economic growth.
Panel Session Two: Financing the Energy Sector in the African Continent
Concluding Remarks: Trends in Global Capital Allocation to the Oil & Gas Industry, COVID -19 and Economic Recovery
Mr. Xavier Rolet
Chairman of the Board, PJSC PhosAgro
Vote of Thanks
Dr. Chioma Nwachuku
General Manager, External Affairs & Communications, Seplat