Nigerian explorer and producer Seplat Energy has capped a landmark year, recording a 148% surge in group production to 131,506 barrels of oil equivalent per day (boepd) in 2025 — up from 52,947 boepd in 2024 — fuelled by the consolidation of newly acquired offshore assets and a resurgent onshore portfolio.
CEO Roger Brown described 2025 as a year that clearly demonstrated the company’s ability to operate at scale. Offshore activities provided a strong launchpad for Seplat’s debut as an offshore operator, while onshore output delivered its strongest performance in recent memory, with a 14% year-on-year increase. Natural gas liquids recovery from the company’s first major offshore project, EAP IGE, peaked at approximately 20,000 boepd.
The year also saw major gas milestones, including the completion of the Sapele Gas Plant and the commissioning of the ANOH gas plant, which began generating gas in January 2026. ANOH is now producing stably at 50 to 70 million standard cubic feet per day, with approximately 60,000 barrels of condensate currently in storage.
An idle well restoration programme exceeded expectations, adding 48,600 boepd gross production capacity from 49 wells. The only significant drag was an outage at the Yoho platform, which capped pro-forma year-on-year growth at 9%. The platform is expected to restart in the second quarter of 2026.
Looking ahead, Seplat has contracted its first jack-up drilling rig, which is already in-country and set to arrive at Oso in the third quarter of 2026, kicking off a multi-year, multi-well drilling campaign. The company is targeting a doubling of joint venture gas volumes at Oso-BRT to 240 million standard cubic feet per day in the second half of 2026, with a working interest production goal of 200,000 boepd by 2030.
Source: Oil Review Africa