With international oil companies pulling out of Nigeria’s onshore and shallow water operations, local firms are seizing the moment — and Seplat Energy is leading the charge.

At the recent BusinessDay CEO Forum in Lagos, Seplat’s Chief Operating Officer, Samson Ezugworie (representing CEO Roger Brown), said the shift in the industry is opening doors for homegrown companies to take leadership roles.

According to him, Nigeria’s energy future looks bright, especially with the country’s massive gas reserves — over 200 trillion cubic feet — and a growing appetite for indigenous participation.

“Local companies now have the opportunity to take control of valuable assets, and we’re proving we have what it takes to succeed,” Ezugworie said.

He pointed to a sharp rise in oil rig activity — from just 8 in 2021 to around 46 currently — as a clear sign of renewed growth, investor confidence, and increasing momentum across the industry.

The forum, which carried the theme “Nigeria: From Reform to Recovery,” brought together top executives, investors, and government officials to chart a new path for national growth.

With prominent voices like Aliko Dangote and leaders from companies such as Oando and Aradel Holdings in attendance, the event highlighted how indigenous players are reshaping the oil and gas space.

Seplat’s participation reinforced its commitment to innovation, local talent development, and driving sustainable growth in Nigeria’s energy sector.