{"id":73960,"date":"2023-07-14T17:38:17","date_gmt":"2023-07-14T16:38:17","guid":{"rendered":"https:\/\/nationalwire.com.ng\/?p=73960"},"modified":"2023-07-14T17:38:17","modified_gmt":"2023-07-14T16:38:17","slug":"nigerias-upstream-sector-needs-success-stories-to-attract-more-investments-seplat-ceo","status":"publish","type":"post","link":"https:\/\/nationalwire.com.ng\/sub\/nigerias-upstream-sector-needs-success-stories-to-attract-more-investments-seplat-ceo\/","title":{"rendered":"Nigeria\u2019s Upstream Sector Needs Success Stories To Attract More Investments \u2013 Seplat CEO"},"content":{"rendered":"<p>There is a severe need for funding in the upstream and midstream segment of the energy sector in Nigeria, and relevant success stories from the country will facilitate these investments, the Chief Executive Officer, Seplat Energy Plc, Mr. Roger Brown, has said.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-73962 alignleft\" src=\"https:\/\/nationalwire.com.ng\/wp-content\/uploads\/2023\/07\/thumbnail-20.jpeg\" alt=\"\" width=\"400\" height=\"267\" srcset=\"https:\/\/nationalwire.com.ng\/sub\/wp-content\/uploads\/2023\/07\/thumbnail-20.jpeg 400w, https:\/\/nationalwire.com.ng\/sub\/wp-content\/uploads\/2023\/07\/thumbnail-20-300x200.jpeg 300w, https:\/\/nationalwire.com.ng\/sub\/wp-content\/uploads\/2023\/07\/thumbnail-20-110x73.jpeg 110w, https:\/\/nationalwire.com.ng\/sub\/wp-content\/uploads\/2023\/07\/thumbnail-20-272x182.jpeg 272w\" sizes=\"auto, (max-width: 400px) 100vw, 400px\" \/>He said attracting the necessary funding will be dependent on regulatory reforms, fiscal terms restructuring and several other relevant policies.<\/p>\n<p>The Seplat Energy CEO disclosed this at the 2023 Nigeria Oil &amp; Gas Conference (NOG) held in Abuja, where he featured on a panel session themed, \u2018The Investors Perspective: Assessing the Attractiveness of Nigeria\u2019s Energy Sector.<\/p>\n<p>Brown explained: \u201cNigeria needs more success stories to attract more investments to the upstream sector. We need to solve the insecurity dilemma around the country\u2019s pipeline infrastructure, enforce clarity and separation of powers among regulatory authorities, work closer with field operators to resolve host community issues, and amend fiscal terms of PSCs\/PSAs to include more incentives for asset partners<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-73963 alignright\" src=\"https:\/\/nationalwire.com.ng\/wp-content\/uploads\/2023\/07\/thumbnail-21.jpeg\" alt=\"\" width=\"400\" height=\"267\" srcset=\"https:\/\/nationalwire.com.ng\/sub\/wp-content\/uploads\/2023\/07\/thumbnail-21.jpeg 400w, https:\/\/nationalwire.com.ng\/sub\/wp-content\/uploads\/2023\/07\/thumbnail-21-300x200.jpeg 300w, https:\/\/nationalwire.com.ng\/sub\/wp-content\/uploads\/2023\/07\/thumbnail-21-110x73.jpeg 110w, https:\/\/nationalwire.com.ng\/sub\/wp-content\/uploads\/2023\/07\/thumbnail-21-272x182.jpeg 272w\" sizes=\"auto, (max-width: 400px) 100vw, 400px\" \/>\u201cWe also need to improve fiscal terms on gas contracts to support uptake at market reflective prices and improve efficiency and capacity of the Nigerian electricity value chain in order to aid higher uptake of domestic gas supply.\u201d<\/p><div data-ad-id=\"32665\" style=\"text-align:center; margin-top:0px; margin-bottom:0px; margin-left:0px; margin-right:0px;float:none;\" class=\"afw afw_ad_image afw_ad afwadid-32665  \">\r\n                                                            <div style=\"font-size:10px;text-align:center;color:#cccccc;\">Advertisement<\/div>\r\n\t\t\t\t\t\t\t<a target=\"_blank\" href=\"http:\/\/www.accessbankplc.com\" rel=\"nofollow\"><img decoding=\"async\" height=\"auto\" max-width=\"100%\" src=\"https:\/\/nationalwire.com.ng\/wp-content\/uploads\/2019\/06\/Banner-1.jpg\"><\/a>\r\n                                                                        \r\n\t\t\t\t\t\t\t<\/div>\n<p>Whilst also speaking on the things investors look out for in Nigerian companies I the quest for gas development in the country, Brown said financially strong company with robust balance sheet, low debt and credible access to international capital markets have an edge.<\/p>\n<p>\u201cOther factors are stock market listing and associated need for governance, with preference for dual-listed companies such as Seplat, where equity can be traded in liquid markets; international accountability and transparency in reporting, particularly as it relates to ESG reporting, with good commitment to sustainability; and good relationships in-country with government, regulators and local communities.\u201d<\/p>\n<p>According to him, Seplat Energy remains commitment creating and sustaining value in the Nigerian upstream sector, and have continued to do via strong investment workplan, host community development, partnerships with government and aggressive human capital development.<\/p>\n<p>&nbsp;<\/p>\n<!-- AddThis Advanced Settings generic via filter on the_content --><!-- AddThis Share Buttons generic via filter on the_content -->","protected":false},"excerpt":{"rendered":"<p>There is a severe need for funding in the upstream and midstream segment of the energy sector in Nigeria, and relevant success stories from the country will facilitate these investments, the Chief Executive Officer, Seplat Energy Plc, Mr. Roger Brown, has said.<!-- AddThis Advanced Settings generic via filter on get_the_excerpt --><!-- AddThis Share Buttons generic via filter on get_the_excerpt --><\/p>\n","protected":false},"author":6,"featured_media":73961,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"footnotes":""},"categories":[23,17],"tags":[9184,8958],"coauthors":[2391],"class_list":["post-73960","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-business","category-news","tag-seplat-energy","tag-seplat-energy-plc"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v18.9 - 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