Seplat Energy is operator of the three blocks, which together form one contract area, on behalf of the NPDC/Seplat Joint Venture. The OML 17 field has production capacity of 27,000 BOE/D and estimated reserves of 1.2 billion BOE. OMLs 4, 38 & 41 Back to all Upstream operations Seplat Energy has a 45 working interest in OMLs 4, 38 and 41 which are located in Edo (OML 4) and Delta (OMLs 38 and 41) States onshore Nigeria. “We see significant benefits from integrating our production with our ability to power Nigeria, through Transcorp, and deliver value across the energy value chain,” he added. “We have a very clear vision: creating Africa’s first integrated energy multinational, a global quality business, uniquely focused on Africa and Africa’s energy needs,” said Heirs Holdings Chairman Tony Elumelu, named among Time magazine’s “100 Most Influential People of 2020.” Last published date: Overview Unit: USD Millions Total Market Size (Total Local Production + Total Imports) (Total Exports) Data Sources: Total Local Production: Independent Power Producers and other local sources such as Manufacturers Association of Nigeria, National Bureau of Statistics. It acquired the stakes of Shell, Total, and Eni to further its expansion into the oil and gas industry. Heirs Holdings, in partnership with Transcorp, one of the largest power producers in Nigeria with 2000 MW of installed capacity, purchased 45% stake in the field. The deal is one of the largest oil and gas financings in Africa in more than a decade, with a financing component of $1.1 billion provided by a consortium of global and regional banks and investors. Shell Nigeria announced on 15 January it had completed a $533 million sale of its stakes in an onshore OML 17 oil field in Nigeria to African strategic investor Heirs Holdings, Nigeria’s largest publicly listed conglomerate.
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