How Seplat is adapting to global energy crisis

Seplat Energy, a local oil and gas firm based in Nigeria, is making significant strides in transitioning into a multinational company amidst the challenges posed by the global energy crisis. The immediate past Chairman of Seplat Energy, ABC Orjiako, recently shared insights on the company's strategic approach to navigate the evolving energy landscape and ensure sustainability in the midst of the crisis. Orjiako emphasized the importance of embracing an inclusive energy transition that is just and fair, highlighting the key principles that drive Seplat's success in the industry. At the core of Seplat's strategy are what Orjiako refers to as the 'four C's': commitment, character, contentment, and consistency, all underpinned by robust corporate governance practices. These guiding principles have enabled Seplat to not only weather the challenges brought about by the global energy crisis but also position itself as a key player in meeting Nigeria's energy demands and contributing to the energy transition. As oil prices surge and international oil companies divest from Nigeria, local oil companies like Seplat are tasked with stepping up to ensure energy security within the country. Orjiako's advice to these companies underscores the urgency of addressing the imbalance between growing energy demand and diminishing supply, emphasizing the need for sustainable business practices and environmental stewardship. Seplat aims to lead by example in advocating for decarbonization, net-zero carbon neutrality, and responsible resource management, signaling its commitment to a more sustainable future. By championing Environmental, Social, and Governance (ESG) initiatives, Seplat is paving the way for an inclusive energy transition that prioritizes fairness and sustainability for communities and the planet. As the energy sector continues to evolve amidst geopolitical tensions and climate imperatives, Seplat's proactive approach to energy transition sets a benchmark for responsible energy practices in Nigeria and beyond.