Seplat Energy Delivers First Gas from 300 MMscfd ANOH Project

SEPLAT Petroleum Development ( (GB:SEPL) ) has provided an announcement.

Seplat Energy has brought its 300 MMscfd ANOH gas project onstream, marking first gas and the start of commercial supply to Indorama’s petrochemical operations following completion of a new export pipeline and regulatory approvals. Initial output is delivering 40–52 MMscfd of processed gas and 2.0–2.5 kboepd of condensates, with plans to ramp up towards full capacity, add interruptible sales to Nigeria LNG, and ultimately channel volumes through the resumed OB3 pipeline once completed. Developed via an incorporated joint venture with Nigerian Gas Infrastructure Company, the ANOH plant unlocks an estimated 4.6 Tcf of condensate-rich gas, creates dual income streams for Seplat from wet gas sales and dividends, strengthens its position as a leading domestic supplier of LPG and clean cooking fuel, and supports its onshore end-of-routine-flaring programme and carbon-intensity reduction goals. The project, completed without a single Lost Time Incident and identified by the Nigerian government as one of seven critical gas developments, lifts Seplat’s onshore joint-venture gas processing capacity to over 850 MMscfd and is expected to materially bolster revenues, energy access and the company’s contribution to Nigeria’s economic and energy-transition objectives.

The most recent analyst rating on (GB:SEPL) stock is a Buy with a £359.00 price target. To see the full list of analyst forecasts on SEPLAT Petroleum Development stock, see the GB:SEPL Stock Forecast page.

Spark’s Take on GB:SEPL Stock

According to Spark, TipRanks’ AI Analyst, GB:SEPL is a Outperform.

SEPLAT Petroleum Development’s strong financial performance and attractive valuation are the main strengths, supporting a solid overall score. Technical indicators suggest potential bearish momentum, which slightly offsets the positive financial and valuation aspects.

To see Spark’s full report on GB:SEPL stock, click here.

More about SEPLAT Petroleum Development

Seplat Energy Plc is a leading indigenous Nigerian energy company listed on both the Nigerian Exchange and the London Stock Exchange. Its portfolio spans eleven onshore and shallow-water oil and gas blocks in the Niger Delta, interests in three export terminals and offshore NGL recovery plants, and three onshore gas processing plants at Oben, Sapele and the 300 MMscfd ANOH facility. The company positions itself as a key supplier of natural gas to Nigeria’s domestic power generation market, with a strategy focused on building a sustainable business and supporting the energy transition through affordable, reliable and cleaner energy solutions.

Average Trading Volume: 430,441

Technical Sentiment Signal: Buy

Current Market Cap: £1.96B

Find detailed analytics on SEPL stock on TipRanks’ Stock Analysis page.