People & Money

Seplat Energy commences commercial injection of crude oil through Amukpe-Escravos Pipeline

Seplat Energy Plc, a leading Nigerian energy company listed on the Nigerian Exchange and the London Stock Exchange, is pleased to announce that it has begun commercial injection of crude oil through the new Amukpe-Escravos Pipeline.

The 67km mostly underground pipeline is expected to provide a more reliable and secure export route for liquids from Seplat Energy’s major assets OML 4, 38, and 41, connecting them with the Chevron-operated Escravos Terminal. It has a capacity of 160,000 bbl/day, of which the Seplat Energy / NPDC joint venture is entitled to inject 35,000 bbl/day. Dewatering was completed on Friday 29 July and the Site Acceptance Test is now underway with commercial volumes.

Also Read: Seplat CEO Identifies Barriers to Investment in Gas

Until now, the Company has relied on the Trans Forcados System, which has experienced numerous disruptions in recent years due to pipeline maintenance and vandalism, which have impacted the Company’s revenues.

Roger Brown, Chief Executive Officer of Seplat Energy, said: “The commercial launch of the Amukpe-Escravos Pipeline is a significant event for Seplat Energy and Nigeria, offering a more secure and reliable export route that will assure higher revenues and profitability for Seplat Energy, enabling us to make a larger contribution to Nigeria’s economy.

Also Read: Seplat Energy Gross Profit Hits N48.8bn, Consummates Deal With Mobil Mid –Year

We commend the work that has made this possible and appreciates the efforts of our partners and all contractors involved to create this more reliable and secure export route for Nigeria’s oil.”

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