By Chioma Obinagwam
Seplat Energy PLC, a leading Nigerian independent energy company listed on both the Nigerian Exchange and the London Stock Exchange, has announces its audited results for the twelve months ended 31 December 2023, recording a growth 12 per cent in revenue from N403.9bn to N696.9bn.
The Company told Confiance News in a statement on Thursday.
The Board recommended a special dividend of US 3 cents per share, in addition to Q4 2023 declared dividend of US 3 cents per share. Core dividend declared for 2023 is US 12 cents per share, up 20 per cent on 2022. Therefore, total dividend declared is US 15 cents per share.
The energy company also reported a gross profit rise of 14.5 per cent from N197.2bn to N349.3bn, and achieved more than 8.7 million hours without Lost Time Injury (LTI) on Seplat-operated assets in 2023.
Seplat Energy’s 2024 production guidance is put at 44-52 kboepd. Guidance assumes availability of TNP from 3Q 2024, and assumes ANOH contribution in line with guidance.
Initial 2024 capex guidance is $170-200 million. Drilling capex flat on 2022 (13 wells in base plan). Seplat will fund capex on Abiala, a marginal field development tied into OML40.
In February 2024 the company received regulatory approval for the full lifecycle Field development plan (FDP) for the Sibiri oil discover
y on OML40.
