Seplat Vitality says strongly dedicated to sustainability, vitality transition

Seplat Vitality Plc has reaffirmed it unwavering dedication to sustainability and vitality transition.

The corporate defined that its potential to take care of the lead within the Nigerian gasoline sector is hinged on a powerful ESG (Atmosphere, Social and Governance) framework, which has supplied the robust basis for Seplat Vitality’s gasoline enterprise and its decarbonisation initiatives.

Samson Ezugworie, Chief Operations Officer, Seplat Vitality, mentioned this on the Society of Petroleum Engineers (SPE) Oloibiri Lecture Sequence and Vitality Discussion board 2023, held on the PTDF Tower Abuja, themed: Efficient Gasoline Sources Utilisation: A Lever for Enhanced Vitality Safety and Attaining Web-Zero Emission Objectives in Nigeria.

Talking through the Vitality Discussion board Dialogue Session, Ezugworie, who represented Roger Brown, Chief Government Officer, Seplat Vitality, famous that Seplat Vitality has been main in home gasoline provide within the nation, with about 300scf/d, translating to about 30 per cent of Nigeria’s gas-to-power provide. He reiterated the corporate’s dedication to vitality transition, vitality safety and sustainability, noting that Seplat Vitality’s CSR programmes had grown through the years with immeasurable impacts on the folks.

He additionally confirmed that at Seplat Vitality, “we have now a really aggressive programme to eradicate flares by 2024, by means of a mix of options. Now we have created a New Vitality Directorate, with a mandate to look into energy and the complete vitality transition worth chain.”

He mentioned the corporate’s main dedication is to cut back its GHG emissions ensuing from direct operations, including that Seplat Vitality have established a broad set of funding actions designed to cut back emissions from its operated amenities and offset residual emissions.

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Seplat Vitality’s Flares Out mission, which kinds a part of our dedication to reaching Web Zero by 2050, is on schedule to succeed in the goal of ending routine flares by the tip of 2024. In 2022, enhancements in efficiency of the AG compressor in Oben and Amukpe, alongside common asset integrity checks and different facility enchancment actions, have been efficient and AG flare quantity was diminished by 18.2percent at Oben (5.7 MMscfd in opposition to 6.97 MMscfd in 2021) and by 39.9percent at Amukpe (1.1 MMscfd in opposition to 1.83 MMscfd in 2021).

The Seplat boss added: “Our diesel alternative programme seeks to extend using gasoline, a much less carbon intensive gasoline for energy era and the place possible, solar energy can be being thought of. We’re piloting photo voltaic at our Amukpe warehouse to energy tools on website and plan to energy the safety outposts situated round our operations utilizing photo voltaic vitality in 2023.”

The corporate has dedicated $11.5 million in 2023 in the direction of initiatives that can finish routine flares in our operations, together with $10.8million in the direction of putting in gasoline compression amenities on the circulate stations in Amukpe, Oben and Sapele, and $0.7 million in the direction of incineration on the Amukpe circulate station.

Upon completion of those initiatives, Seplat Vitality count on to enhance its gasoline dealing with capability and scale back flares by roughly 30 MMscfd in 2023 and 20 MMscfd in 2024, which can in flip monetise flare gasoline in keeping with its company technique and the nationwide flare gasoline commercialisation initiative.

As well as, Seplat Vitality has dedicated $1million in the direction of planting bushes throughout Nigeria as a part of afforestation efforts that can seize residual emissions. Its focus in 2023 might be on mobilising group stakeholders and finishing land acquisition to allow the graduation of tree planting in Imo, Edo and Abuja.

Attendees to the occasion embody Mele Kyari, Group Chief Government, NNPC Restricted in addition to representatives from the Nigeria Upstream Petroleum Regulatory Fee (NUPRC), Nigeria Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), oil corporations, oil servicing corporations, and a number of different Nigerian vitality trade gamers.