Seplat Energy says it has commenced a programme to restore over 400 idle oil wells across its operational assets.
Oil and gas wells become idle when not used for production, injection, or other purposes.
Samson Ezugworie, chief operating officer (COO) of Seplat Energy, spoke during the company’s annual general meeting in Lagos on Wednesday.
“One of the primary activities that we took on post completion of this deal by December 12, 2024, is to begin to safely ramp up production which you would have seen in our first quarter results,” Ezugworie said.
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“We have started safely and cautiously to restore those idle wells. Just to give you context, we have well over 400 idle wells in Seplat at the moment.”
He said the company’s programme aims to restore all its idle wells gradually.
‘ANOH GAS PLANT READY TO RECEIVE COMMISSIONING GAS’
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Speaking further, Ezugworie said the ANOH gas plant is “now ready to receive commissioning gas”.
According to the Seplat COO, the ANOH gas plant achieved mechanical completion on December 29, 2023, without recording any lost time incident (LTI) across 11 million hours.
Ezugworie said the company is “ready to receive wet gas for commissioning”.
“The river crossing element of the OB3 line in H2 2024 has continued to prove technically challenging for NGIC and at the year end the tunnelling operations remained at 1.12 km of the 1.85 km of the river crossing,” he added.
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Ezugworie said significant additional equipment has been delivered to the site, and tunnelling has recently restarted with a target completion in the second quarter of 2025.
“This is a top priority for the government, and we monitor progress on a continuous basis as a key pipeline infrastructure which is critical to the commencement of full operations of the 300 MMscfd joint-venture-operated ANOH Gas Plant,” he said.
The Seplat official said the company remains optimistic that full operations will commence in the second half of 2025.
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