Seplat Energy Plc says it will start exporting gas to enhance foreign exchange (FX) earnings and deliver greater value to stakeholders.

Dotun Isiaka, managing director of Seplat Producing Nigeria Unlimited (SEPNU), spoke during a panel session organised by the Petroleum Technology Association of Nigeria (PETAN) at the ongoing offshore technology conference (OTC) 2025 in Houston, Texas, the United States (US).

In his remarks, Isiaka said the new plan follows Seplat’s recent acquisition of Mobil Producing Nigeria Unlimited (MPNU), which holds substantial gas reserves suitable for both export and domestic markets.

“We are focused on both domestic supply and export,” Isiaka said.

He emphasised Seplat’s dedication to ensuring energy access for Nigerians, saying “we believe gas should be the primary driver of the nation’s economy”.

The managing director, who stressed the importance of indigenous leadership within the industry, said Seplat is at the forefront, playing a leadership role.

“But this requires collaboration across the entire value chain,” he said.

Providing updates on Seplat’s gas reserves and production, Isiaka said the company currently has a combined processing capacity of around “550 million standard cubic feet per day (MMscfd) between the Oben and Sapele gas plants”.

However, he said the oil firm is “pushing about 200 million cubic feet short of that capacity, so we need to bring in more gas from nearby suppliers”.

Regarding the ANOH Gas Plant, the SEPNU boss said its processing capacity of 300 mmscfd is nearly complete.

“While our initial plan was to channel ANOH’s output to the domestic market, in the near term we may need to explore alternative off-take options, including export,” he said.

Speaking on the MPNU assets, Isiaka said they contain over 14 trillion cubic feet (tcf) of gas, with infrastructure to support processing and distribution.

“These reserves are near existing infrastructure, including three compression hubs with a combined capacity of 1.7 billion cubic feet per day,” he said.

“The key requirement is upstream investment to extract and transport the gas to these facilities, followed by pipeline delivery to shore.”

The managing director reiterated that Seplat has sufficient gas to meet both domestic and export demands, adding that the company possesses enough resources to serve both markets effectively.

[TheCable]