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VI
Sepha completes 30 upstream projects, seeks indigenous financing support
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QUICK NEWS AFRICA
An indigenous oilfield services company, Sepha Energies, says it has executed more than 30 upstream oil and gas projects within one year, while urging greater access to financing to accelerate local content development.
Agho disclosed that Sepha Energies had completed more than 30 upstream projects in the past year, while over 10 additional projects are currently in the pipeline.
While expressing optimism about future growth, she stressed that indigenous capacity development cannot be sustained without adequate indigenous financing.
Agho also highlighted the company’s support for several Nigerian marginal field operators, revealing that Sepha Energies assisted some operators in achieving first oil without requiring upfront payment.
She emphasized that Nigeria’s energy future would be driven by collaboration among government, financial institutions, technology providers and indigenous companies working together to build a globally competitive energy industry.