Seplat Energy Plc, Nigeria’s premier energy company listed on both the Nigerian Exchange Limited and the London Stock Exchange, has been awarded the prestigious ‘Deal of the Year’ at the New Telegraph Newspaper Awards. This recognition follows the company’s successful acquisition of Mobil Producing Nigeria Unlimited (MPNU), now Seplat Energy Producing Nigeria Unlimited (SEPNU), from ExxonMobil in December 2024.
The awards ceremony, held to honor exceptional contributions across multiple sectors, celebrated the transformative power of innovation, leadership, and resilience in governance, business, education, and technology. The event underscored the achievements of individuals and organizations whose work continues to inspire and create lasting impact.
In his opening remarks, Mr. Ayodele Aminu, the Managing Director/Editor-in-Chief of New Telegraph Newspaper, emphasized the deeper meaning of the awards. He stated, “Tonight, we are not just celebrating milestones but the profound influence of love, dedication, and the commitment to surpass expectations. These are the forces that drive progress, shape industries, and inspire transformative growth.”
Aminu further noted that the true essence of the awards lies not in the tangible recognition but in the lasting impact of the awardees’ contributions, encouraging them to continue pushing boundaries for even greater achievements.
Seplat’s acquisition of MPNU is a significant milestone, dramatically boosting the company’s production capacity and enhancing its role as a leading player in Nigeria’s energy sector. The deal positions Seplat Energy for accelerated growth and profitability, contributing to the country’s energy security and future economic development.
With the completion of the acquisition, Seplat Energy has become Nigeria’s largest independent energy company. The acquisition portfolio now includes equity in 11 oil and gas blocks (both onshore and in shallow waters), 48 producing fields, 5 gas processing facilities, and 3 export terminals. Notably, Seplat now holds a 40% operated interest in OML 67, 68, 70, and 104; a 40% operated interest in the Qua Iboe export terminal and Yoho FSO; a 51% operated interest in the Bonny River Terminal’s NGL recovery plant; a 9.6% participating interest in the Aneman-Kpono field; as well as the integration of approximately 1,000 staff and 500 contractors.
This transformative acquisition directly aligns with Seplat Energy’s mission to create long-term value for its stakeholders by providing affordable, reliable, and sustainable energy to Nigerians. The company’s growth continues to reflect its commitment to responsible energy development, as it plays a crucial role in improving access to energy while contributing to Nigeria’s overall prosperity.
In response to the accolade, Seplat Energy expressed gratitude to New Telegraph Newspapers for the recognition and commended the newspaper’s unwavering commitment to professionalism and excellence. “At Seplat Energy, we take pride in our ability to contribute to Nigeria’s energy future by developing the country’s oil and gas reserves responsibly and efficiently,” the company stated.
