Seplat Petroleum’s oil and gas production experienced a slight reduction from first quarter to second quarter 2018, largely due to leakages in the Trans Forcados Pipeline.

Gross liquid output dropped from 61,150bopd in 1Q 2018 to 52,262bopd in the second quarter, while gross daily gas production was 351MMscf/d in 1Q, declining to 337MMscf/d in 2Q 2018. In equity terms, Seplat produced 27,306bopd of hydrocarbon liquids and 158MMscf/d of natural gas in 1Q, but these had declined to 23,266bopd and 152MMscf/d in the 2nd Quarter. The reason was the disparity in the length of time that actual production took place.

There was, in an instance, two weeks of production shut in during the second quarter, whereas the highest number of days of shut in during the first quarter was four days. Seplat has however concluded plans to move into alternative evacuation facility whenever the TransForcados line is shut in, but could not execute those plans in the period under review.

Source: Independent