Motorists queuing to purchase petrol at a filling station on Olusegun Obasanjo way, Central Business District, as petrol scarcity continues in Abuja, recently

Seplat Petroleum
Development Company Plc has promised to increase its gas production to 525 million standard cubic feet per day by the end of this year.
The Managing Director of the firm, Mr Austin Avuru, who disclosed this at the 13th Aret Adams Annual Lecture series in Lagos, said the company planned to build another gas plant in Sapele in Delta State, in addition to its Oben gas plant which currently produces 150 million standard cubic feet per day.
Explaining that the firm was setting out to build its business around all the full value chain of the oil and gas industry’s Avuru said the aim was to position Seplat as Nigeria’s independent firm operating to international standards.
“Today, we produce 300 million Sofpd into the domestic market for electricity. We account for 30 per cent of electricity generation today in terms of gas supply. We have taken our oil production from about 18,000 barrels per day in 2010 to 72,000  bpd, and we have tripled our gas production from 90 million scfpd to 300 million $ scfpd today,” he said.
According to him, “by the end of this year, our gas processing capacity will go upto 525 million scfpd.
So, we are an efficient operator and building very strong working relationships with our partners and communities.”
He stated that when the company set out to build the Oben gas, it had to ring-fence the project and ensured that it was funded 100 per cent by Seplat.
“That’s how we delivered it in 18 months. The contracting process would have taken three years if we didn’t ringfence it. So, today we are getting fairly spread out in terms of our assets.
“But our focus remains the same. Optimise gas production, optimize oil production and maintain a consistent reserves base that given us a healthy reserve/production ratio so that we will be in business in the long term,” she said.