The Minister of State Petroleum Resources (Gas), Mr Ekperikpe Ekpo, has urged Seplat Energy Producing Nigeria Unlimited (SEPNU) to develop a positive relationship with its host communities to accelerate its natural gas delivery efforts for domestic use and export.
Speaking during a meeting with Seplat’s senior management, led by Managing Director Mr Dotun Isiaka, at the NNPC Towers office in Abuja, Mr Ekpo commended the oil major over the successful takeover of ExxonMobil assets and expressed optimism about their potential to expedite Gas Sales Agreements (GSAs) negotiations and execution.
The Minister emphasized the importance of Seplat working harmoniously with its host communities to deliver value to all stakeholders and solidify its position as a leading independent indigenous energy company.
These agreements are crucial for catalyzing the gas industry and delivering much-needed natural gas to the nation through priority projects.
He also urged Seplat to remain committed to its project timelines, stressing that adherence to these timelines is critical for the successful execution of their projects to deliver the desired positive results to the Nation’s economy.
He noted that the company’s success would be instrumental in aligning with Nigeria’s goal of leveraging its abundant gas resources to drive economic growth and development.
The Gas Minister lamented Nigeria’s situation as a major gas-endowed nation with alarmingly low natural gas utilisation, saying operators like SEPNU should partner with the Government to correct the trend.
Mr Ekpo emphasized the government’s commitment to promoting indigenous participation in the oil and gas sector, driving economic growth through sustainable energy development, and fostering a conducive environment for investment.
He expressed his willingness to collaborate with Seplat Energy to overcome legislative and regulatory hurdles, such that would enhance the company’s ability to deliver natural gas to the Country.
On his part, Seplat Energy’s Managing Director, Mr Dotun Isiaka, assured that the company has engaged potential off-takers for natural gas from their assets.
Mr Isiaka solicited the Minister’s cooperation to overcome legislative and regulatory challenges, which would facilitate their operations and enable them to meet their targets for major gas projects.