Seplat Energy Plc has identified its gas development programmes as a major boost for Nigeria’s energy transition agenda as well as the global call for carbon reduction.
The Chief Executive Officer, Seplat Energy Plc, Roger Brown said this while addressing the media at the recently concluded Africa Oil Week (AOW) in Dubai, United Arab Emirates.
According to him, most developed countries currently have gas grid bases forming a strong pedestal for renewables, which is far beyond what is obtainable in Nigeria where the grid base is diesel power.
“To transit to renewables, you need a grid base that works. So, our Decade of Gas mantra in Nigeria is aimed to provide the right grid base for that transition and Seplat Energy is well aligned to that.
“If you do not have the right grid base and want to go the way of renewables, you could end up going off-grid with small scale solar panels all around.
“It is important for the world to understand the peculiarities of Nigeria and that the country needs the right base to transit to renewables,” he said.
Brown also spoke in a panel session dubbed ‘Upstream Value Creation: Unbounded Opportunities Post-COVID’ where he outlined the company’s business strides and as well as its future strategies.
He spoke on the Company’s values and continuous partnership with the AOW Brand at the AOW Drinks Reception sponsored by Seplat Energy.
Brown added: “Nigeria must have energy which is right for its population. It has over 200 million people today and by 2050, there would probably be over 400 million Nigerians in this planet, which makes it the third most populous place in the world.
“For the 400 million people expected, we need to provide the right infrastructure. If you don’t, you are going to have a population migration as the average age in the country today is 18.”
He said Seplat Energy’s business plans are on three-pronged and there are three pillars to it.
The pillar one, he noted, is the upstream oil and gas, where the Company is a big producer (independent) in-country.
“The pillar two is our gas processing business with existing and efficient gas plants, and by early 2023, we will be probably the biggest gas processor in-country. In our gas value chain, we have a critical model for electrification in- country.
“Our pillar three is the renewable business, and we are making very strong intent to say we are going to give the transition energy that is right for Nigeria.
“There is no point designing what is just good for other parts of the world and does not address the concerns in the areas where we operate,” he noted.
He explained, these pillars are there to not only deliver the right energy mix, but other issues prevalent in the Nigerian space.