Seplat plans second exploration well after Aku-01 discovery
AI Executive Briefing
Verified Synthesis~54s readSeplat’s earnings per share increased 172 per cent to 42 US cents from 16 US cents in the previous year. Seplat Energy Plc is planning a second exploration well in 2027 after discovering oil and gas across five reservoir intervals in its Aku-01 exploration well in Petroleum Prospecting Licence 2A25.
Context & Background
- ✦The company also recorded a reduction in its net debt to $234.9m at the end of September, representing a 65 per cent decline from $673.3m at the end of 2025.
Key Figures & Named Entities
2027:Seplat Energy Plc is planning a second exploration well in 2027 after discovering oil and gas across five reservoir intervals in its Aku-01 exploration well in Petroleum Prospecting Licence 2A25.30 September:Seplat disclosed this in its unaudited nine-month results for the period ended 30 September 2026, released on 30 September.2027:While announcing the “discovery of oil and gas across five reservoir intervals in the Aku-01 exploration well, in PPL 2A25,” it added that the “discovery de-risks four prospects on the licence, one of which will be tested in a second exploration well that is now being planned for 2027.” Commenting on the results, Seplat’s Chief Executive Officer, Effiong Okon, said the discovery highlighted the opportunities available in the company’s exploration portfolio.
Outlook & Next Steps
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Key Takeaways
Verified Extract- Seplat’s earnings per share increased 172 per cent to 42 US cents from 16 US cents in the previous year.
- Seplat Energy Plc is planning a second exploration well in 2027 after discovering oil and gas across five reservoir intervals in its Aku-01 exploration well in Petroleum Prospecting Licence 2A25.
- The company also recorded a reduction in its net debt to $234.9m at the end of September, representing a 65 per cent decline from $673.3m at the end of 2025.
Key Facts:2027: Seplat Energy Plc is planning a second exploration well in 2027 after discovering oil and gas across five reservoir intervals in its Aku-01 exploration well in Petroleum Prospecting Licence 2A25.30 September: Seplat disclosed this in its unaudited nine-month results for the period ended 30 September 2026, released on 30 September.2027: While announcing the “discovery of oil and gas across five reservoir intervals in the Aku-01 exploration well, in PPL 2A25,” it added that the “discovery de-risks four prospects on the licence, one of which will be tested in a second exploration well that is now being planned for 2027.” Commenting on the results, Seplat’s Chief Executive Officer, Effiong Okon, said the discovery highlighted the opportunities available in the company’s exploration portfolio.2025: The company also reported an increase in its production during the nine-month period, with working interest production averaging 144,999 barrels of oil equivalent per day, representing a seven per cent rise from 135,636 boepd recorded in the corresponding period of 2025.
Editorial Excerpt
Seplat Energy Plc plans a second exploration well for 2027 after discovering oil and gas across five reservoir intervals in its Aku-01 exploration well.
Frequently Asked Questions About This Story
What is the latest development regarding Seplat Energy?
Seplat’s earnings per share increased 172 per cent to 42 US cents from 16 US cents in the previous year.
Who are the key organizations or public figures mentioned?
Seplat Energy Plc is planning a second exploration well in 2027 after discovering oil and gas across five reservoir intervals in its Aku-01 exploration well in Petroleum Prospecting Licence 2A25.
What timeline or key figures were confirmed?
Seplat Energy Plc is planning a second exploration well in 2027 after discovering oil and gas across five reservoir intervals in its Aku-01 exploration well in Petroleum Prospecting Licence 2A25.
