July 16, 2024

Seplat has maintained lead as supplier of 40% of Nigeria’s gas-to-power feedstock through strong ESG framework- Ezugworie, COO

Oredola Adeola

Seplat Energy Plc has maintained the lead in the Nigerian domestic gas supply with about 300scf/d, translating to about 40% of Nigeria’s gas-to-power supply, through the strong impact made in the company’s performance on the environmental, social, and governance (ESG) framework.

Mr. Samson Ezugworie, Chief Operating Officer, Seplat Energy Plc, made this known at the 2023 Society of Petroleum Engineers Oloibiri Lecture Series & Energy Forum, SPEOLEF2023, held on Thursday in Abuja.

Speaking on the theme of the lecture series: “Effective Gas Resources Utilisation: A Lever for Enhancing Energy Security and Achieving Net-Zero Emission Goals in Nigeria”, Ezugworie confirmed that Seplat, has a very aggressive programme to eliminate flares by 2024 through a combination of solutions.

He said, “Seplat’s ability to maintain the lead in the Nigerian Gas sector is hinged on our strong ESG framework. This has provided a strong foundation for our gas business and decarbonisation projects”

“For us at Seplat, we have created a New Energy Directorate, with a mandate to look into power & the entire energy transition value chain.

EnergyDay gathered that the ESG framework especially in oil and gas companies is seen as an organisation-wide process involving environmental, social, and governance factors, which are integrated into the operations and decision-making processes of the companies to evaluate its sustainability.

Our findings showed that Seplat Energy PLC, has been active in collaborating the Nigerian Government and other indigenous energy company, in championing the course of the country’s energy transition towards cleaner, more reliable energy that is accessible to all.

The company has over the last four years been annually publishing report providing an overview of its approach to sustainability and details of its environmental, social and governance (ESG) performance across all its operated assets.

EnergyDay further gathered that the company’s emissions factors considered in its annual report especially its 2022 Sustainability Report were based on the IPIECA (International Petroleum Industry Environmental Conservation Association) sustainability reporting guidance for the oil and gas industry.

This is one of the secret that earned the company respect in its listing on the Nigerian Exchange Limited (NGX: SEPLAT) and the main market of the London Stock Exchange (LSE: SEPL), as a foremost Nigeria upstream, midstream gas, and new energy company.