Seplat Energy's CEO Calls for Accelerated Oil Exploration

At the 44th Nigerian Association of Petroleum Explorationists (NAPE) Annual International Conference & Exhibition (AICE) 2026 held in Lagos, Engr. Effiong Okon, CEO of Seplat Energy Plc (NGX: SEPLAT), called for accelerated exploration and investment in Nigeria's energy sector. He highlighted the country's significant hydrocarbon resource base and the necessity to convert these resources into actual energy production.

Okon identified exploration, local capabilities, and adaptive technology as essential for growing reserves and production. He stressed the importance of regulatory consistency to attract capital and ensure timely project execution.

Okon advocated for increased involvement of Nigerian companies and contractors in the energy sector to create domestic economic value. He stated that energy security should support broader economic development, emphasizing the role of natural gas in electricity generation and industry.

Okon reaffirmed Seplat Energy's commitment to Nigeria's energy transition and economic growth, urging for faster decision-making and delivery in energy production.