Generation
Seplat to Revive Nigerian Oil Wells, Targets 200,000 BPD
“Our immediate focus is rig intervention, short-term oil generation activities, rejuvenating idle wells and bringing them back into production. Only 200 of the 600 blocks are producing,” stated Seplat Energy COO Samson Ezugworie.
The move follows the acquisition of energy major ExxonMobil’s onshore assets in the country, with Seplat paying $800 million of the purchase price earlier this week. The deal increases Seplat’s Nigerian asset portfolio to 11 onshore and shallow water blocks, 48 producing fields, five gas processing facilities and three export terminals.
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