Investor Presentaiton
CAPEX PROGRAMME
Taking action to ensure delivery of 2023 well programme
DRILLING PROGRAMME UPDATE
■ Drilled and Completed 8 wells YTD.
-
The new well stock has been supportive, especially at OML 40.
Production: wells have added gross production of >11,000 boepd
- E&A: Sibiri-2 well has been drilled to TD, Sibiri-1 EWT ongoing
Seplat
nergy
2023 Revised Drilling Plan
Location
Initial Well
Plan
YTD
Revised Well
Plan
OML 4, 38, 41
8
1
6
OML 53
1
1
1
■ 2023 wells program impacted by the serious incident on Depthwize Majestic rig
Updated 2023 plan targets completion of 6 wells before year end
OML 40
5
5
5
Abiala
2
Okporhurhu-08 W/O,
Okporhurhu-HUHA-04,
and
ASSN-06 are
ANOH
2
1
2
already being drilled and approaching completion.
TOTAL
18
14
Focus next shifts to Sapele, three wells planned.
2023 capex program - drilling focused.
$160 $180
million
12
SEPLAT ENERGY | INVESTOR PRESENTATION
Historical Capex
■ Development &
Production
371
313
■ Asset Integrity &
Maintenance
221
■ Exploration & Other
Projects
170
150
163
114
125
86
54
33
2013 2014
2015
2016
2017
2018 2019 2020 2021
2022
2023**
** to end Sept 2023
reliable energy, limitless potentialView entire presentation