Operational highlights
Strong safety record extended, 28 million hours without LTI from Seplat Energy operated assets
Delivered robust performance against challenging year for Nigerian oil & gas industry
Working interest production averaged 47,693 boepd, impacted by August and December FOT shut ins
Completed nine wells: five oil and four gas wells
Eland's OML 40: four wells drilled at a total gross cost of
Sibiri exploration on OML40 drilled to TD in February with initial indications it has encountered eight oil bearing reservoirs with 353 ft of gross hydrocarbon pay, net pay of 229 ft; further data acquisition and analysis are underway
The addition of MPNU nearly trebles our production and doubles our reserves on a pro forma 2020 basis, reinforcing our leadership of
Our 2021 performance was affected by outages at
The addition of MPNU offers a significant undeveloped gas resource base which, alongside our ANOH gas project development, will underpin
Our financial strength is matched by the skills and ambitions of our staff and we look forward to welcoming more than a thousand highly trained colleagues from MPNU and working with them to ensure their smooth onboarding into Seplat Energy. Together we will build a sustainable, world-class company that generates attractive returns for stakeholders and delivers energy transition for one of the world's largest and most rapidly growing populations.'
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