Seplat Energy, a Nigerian independent energy company, is preparing to reactivate hundreds of oil wells across the country, aiming to boost production levels to over 200,000 barrels per day.
Seplat Energy’s Chief Operating Officer explained that the company is prioritizing rig interventions, short-term oil production projects, and the revival of idle wells. He noted that only 200 of the 600 available blocks are currently producing.
The company recently expanded its portfolio by acquiring ExxonMobil’s onshore assets in Nigeria. Seplat completed an $800 million payment earlier this week, adding 11 onshore and shallow water blocks, 48 active fields, five gas processing plants, and three export terminals to its operations.
African Energy Council