Seplat to raise gas production to 850 mmscf, dedicate 100% for domestic use

Seplat Energy says it will ramp up its gas production capacity by an additional 390 million standard cubic feet per day by the end of the year, to boost domestic output.

According to the Seplat COO, raising production would significantly address problems bordering gas-to-power — as gas produced from its Oben plant supplies the national grid, thereby boosting power generation capacity. ‘‘But for us at Seplat, what has played out for us is in the areas of strategy and foresight because we clearly know that even if you owe today, there is a chance that you will pay tomorrow because the issue about debt is clearing,” he said.

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