Business
Completion of Inlet Gas Exchanger Project
Seplat Energy Plc has successfully completed the replacement of the Inlet Gas Exchanger module on its East Area Project platform, a key capital project for its offshore operations in 2025, which was finished on budget. This project has already led to a significant increase in gross NGL sales volumes, more than doubling to approximately 6,850 barrels of oil equivalent per day in late November from 3,360 barrels of oil equivalent per day in the nine months to September 30, 2025, with further improvements to around 11,000 barrels of oil equivalent per day anticipated. The project involved over 2.2 million man-hours of work completed safely and without incident over a six-week period. Disclaimer*
About this update from Seplat Energy Plc
[{"type":"text","content":"\n\n \nSeplat Energy Plc\n(\"Seplat Energy\" or the \"Company\")\n \nCompletion of Inlet Gas Exchanger Replacement Project\n \nLagos and London, 2 December 2025: Seplat Energy Plc (\"Seplat\" or the \"Company\"), a leading Nigerian independent energy company listed on both the Nigerian Exchange Limited and London Stock Exchange, is pleased to announce that it has completed the replacement of the new Inlet Gas Exchanger (IGE) module on the East Area Project (EAP) platform, located in OML 67, offshore Nigeria.\n \nThe IGE module is an integral part of the Natural Gas Liquid (NGL) extraction process and was the main capital project on our offshore operations in 2025; the project was completed on budget.\n \nSince the EAP complex was restarted, the facility has been performing in-line with expectations. Gross NGL sales volumes in late November at EAP have increased by more than 100% to approximately 6,850 bopd (~3,500 bopd net working interest), up from of 3,360 bopd (~1,720 bopd net working interest) recorded in the nine months to 30 September 2025. Further improvements in NGL sales volumes, up to approximately 11,000 bopd (~5,700 bopd net working interest), are expected over the coming months as the facility reaches target efficiency levels.\n \nThe project work included load-out, lifting, installation, tie-in, commissioning and start-up activities which were carried out over a six-week period and completed during November 2025. Overall, work totalling over 2.2-million-man hours was completed safely, without incident and to the highest industry standards.\n \nRoger Brown, Chief Executive Officer of Seplat Energy, said:\n \n\"We are pleased to have completed the first major capital project on our offshore operations on budget. Replacement of the IGE unit on our EAP platform builds on the success of our idle well recovery program as part of near-term production growth catalysts on the offshore assets that we acquired in December 2024.\n \n\"The new IGE unit is critical to efficient NGL processing operations. NGLs, particularly pentane, represent some of the highest margin barrels produced in our portfolio. The butane we produce is being sold directly into the domestic market, improving energy access and supporting a drive towards cle...