Seplat Energy, a Nigerian independent oil & gas company, has started commercial injection of crude oil through the new Amukpe-Escravos pipeline. The 67 km pipeline is expected to provide an export route for liquids from Seplat Energy’s assets OML 4, 38 and 41, connecting them with the Chevron-operated Escravos Terminal. It has a capacity of 160,000 bbl/d, of which the Seplat Energy / NPDC joint venture is entitled to inject 35,000 bbl/d. Until now, Seplat Energy has relied on the Trans Forcados System, which has experienced numerous disruptions in recent years due to pipeline maintenance and vandalism.
In February 2022, Seplat Energy entered into an agreement with ExxonMobil to acquire its affiliate Mobil Producing Nigeria Unlimited (MPNU) for a total consideration of US$1.5bn. The deal includes the acquisition of ExxonMobil's entire offshore shallow water business, which produced 95 kboe/d in 2020 (92% liquids). The transaction is subject to ministerial consent and other required regulatory approvals. In 2021, Nigeria produced an average of 1.67 mb/d of oil (-11% compared to 2020).