LE BRIEF

Nigeria: Seplat details Aku-01 potential, estimated at 157 billion cubic feet of gas and 19 million barrels of oil in place

LE BRIEF • 2026-10-30

The discovery announced on 29 October could be connected to existing infrastructure. LE BRIEF updates its Seplat report: hydrocarbons in place are not certified commercially recoverable reserves.

Original source : Original source

LE BRIEF — Wednesday, 4 November 2026 By the LE BRIEF newsroom Country : Nigeria Source publication : 29 October 2026 for official results; subsequent coverage on 2 and 3 November Event : Discovery after September, announced on 29 October; the 30 October report updated on 4 November Supplied photograph: hydrocarbon processing equipment and a technician wearing TOTAL-branded clothing. Industrial illustration, not identified as Aku-01 or a Seplat facility. Photograph supplied to the newsroom; provenance and reproduction rights are undocumented. The Aku-01 well offers a potential development opportunity for Seplat Energy's Nigerian portfolio. In nine-month results published on 29 October, the company announced an oil and gas discovery made after the end of September. LE BRIEF already covered it on 30 October; this update develops that report without presenting a new discovery on 3 November. Drilling encountered hydrocarbons across five reservoir intervals. Preliminary internal mid-case estimates indicate 157 billion cubic feet of gas and 19 million barrels of oil in place. Oil was an additional result beyond the original, primarily gas-focused exploration objective. In-place resources, not certified recoverable reserves The regulatory reference used here is PPL 2A25, named in the official release, where Seplat reports a 40% operated interest. Some media accounts use the older OM...