Seplat May Consider Warri refinery

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Mr Austin Avuru MD Seplat

The Chief Executive Officer of Seplat Petroleum Development Company Plc Austin Avuru said they may show interest in the Warri Refinery if there is any process by the federal government that invites the private sector to participate.

He disclosed this in Lagos, while responding to questions from stock brokers and financial journalist during the company fact behind the figures presentation at the Nigerian Stock Exchange.

According to him, the proximity of their production base which is not far from the refinery, that enables them to supply crude oil to the refinery is a motivational factor, should government decide to consider private sector.

Avuru noted that the company is targeting between 25 to 30 percent in gas production by the year 2017, with the aim of being a major domestic supplier of gas in the country. Stressing that the board and management are building a company for the future.

On the Oben gas plant expansion, he said the company is investing in major gas development and infrastructure project to increase domestic supply.

He gave a breakdown of the gas project that installation and commissioning work completed with five months. Which takes current gross operated capacity to 300 MMscfd. While orders placed for 3×75 MMscfd processing modules, delivery and installation is expected between third and fourth quarter of 2016.

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