Seplat Energy Plc, has unveiled its plans to grow production to 200,000 barrels of oil equivalent per day (Bpd) by 2030.
The oil firm, in its audited results for the 12 months ended 31 December 2025, said production currently averaged 131,506 boepd, up 148 per cent from 2024 (52,947 boepd) reflecting the first full year of offshore consolidation.
On the financial highlight, the company recorded a revenue of $2,726 million, up 144.2 per cent from 2024 earnings ($1,116 million), reflecting a full year of contribution from offshore assets.
Commenting on the results, Chief Executive Officer, Roger Brown,said: “In 2025 we clearly illustrated our ability to operate at scale. We benefitted from successful execution of several key offshore activities that kick-started life for Seplat as an offshore operator, while at the same time delivering onshore production performance that was the strongest in recent memory.
“At our CMD in September, we laid out our long-term ambition to “Build an African Energy Champion”, with a clear roadmap to grow working interest production to 200,000boepd by 2030.
“In 2025 we delivered the IGE replacement project offshore and the Sapele Gas plant onshore. In recent weeks we were delighted to achieve first gas at the ANOH Gas Plant and are on track to doubling Joint Venture gas volumes at Oso-BRT to 240 MMscfd in 2H 2026.
