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LAGOS/LONDON - Seplat Energy Plc (LSE:SEPL) has completed the replacement of a new Inlet Gas Exchanger (IGE) module on its East Area Project platform in OML 67, offshore Nigeria, according to a company press release.
The project, described as the main capital initiative for Seplat’s offshore operations in 2025, was completed on budget in November after six weeks of work that included load-out, lifting, installation, tie-in, commissioning and start-up activities.
Since restarting the EAP complex, gross Natural Gas Liquid (NGL) sales volumes in late November increased by more than 100% to approximately 6,850 barrels of oil per day (bopd), compared to 3,360 bopd recorded in the nine months to September 30, 2025. This represents an increase from about 1,720 bopd to 3,500 bopd on a net working interest basis.
The company expects further improvements in NGL sales volumes up to approximately 11,000 bopd (5,700 bopd net working interest) as the facility reaches target efficiency levels in the coming months.
The IGE module is described as an integral component of the Natural Gas Liquid extraction process. According to the company, over 2.2 million man-hours of work were completed without incident.
Seplat Energy acquired these offshore assets in December 2024. The company stated that the butane produced is being sold directly into the domestic Nigerian market.
Seplat Energy is listed on both the Nigerian Exchange Limited and London Stock Exchange.
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