Investor Presentaiton
MULTIPLE CATALYSTS FOR LOW-RISK AND PROFITABLE GROWTH
Seplat has numerous opportunities to scale up and diversify, some at relatively low cost
OIL OPPORTUNITIES
GAS OPPORTUNITIES
> Immediate uplift from acquired OML40 and Ubima operations
with good potential for development of Gbetiokun wells and
potential 78MMbbl Amobe resource
> Immediate and low-cost uplift from more secure Amukpe-
Escravos pipeline, reducing losses for same injection of oil by
reducing theft, downtime and vandalism
> Focus on operational efficiency to improve output and reduce
costs per barrel
> Potential for new and dedicated export route combining OML40
and OMLS 4, 38, 41 to an offshore storage and offload vessel,
reducing handling costs and losses
> Further development of prolific swamp wells/fields
> Potential to acquire new licenses from Government or assets
divested by majors
> Potential to consolidate Nigeria's E&P sector
> Partner of choice as leading Nigerian operator
> Significant opportunity to lead Nigeria's strategic dash to gas,
replacing inefficient diesel and petrol generation, benefiting
economy with multiplier effects on gas demand
> Gas offers higher profitability and cash drop-through than oil
owing to lower royalties, taxes and costs
> Gas revenues independent of oil price volatility, with 10+ year
contracts offering long-term visibility
> ANOH could increase gas production by 300MMscfd, with
potential for further expansion
> Increase production at existing Oben and Sapele plants
> Potential to service industrial gas needs at prices higher than
fixed-price Domestic Supply Obligation
> Potential to end flaring and monetise gas by-products
> Develop LPG products for local market to replace biomass as
cooking fuel
6 SEPLAT PETROLEUM DEVELOPMENT COMPANY PLC | INVESTOR PRESENTATIONView entire presentation