Roger Brown

Roger Brown serves as CEO of Seplat Energy, Nigeria's largest independent oil and gas company, dual-listed on the London and Lagos stock exchanges. Seplat produces oil and natural gas from assets in Nigeria's prolific Niger Delta region, having grown through acquisitions of assets divested by international oil companies as they reduced their Nigerian onshore and shallow-water exposure. The most transformational deal in Seplat's history is the proposed $1.3 billion acquisition of Mobil Producing Nigeria Unlimited (MPNU) from ExxonMobil. If completed, this transaction would approximately quadruple Seplat's proved reserves and significantly increase production, transforming the company into one of the most significant indigenous oil and gas producers in Africa. The deal has faced regulatory delays from the Nigerian government. Seplat also operates the ANOH gas processing plant — one of Nigeria's largest gas infrastructure projects — designed to process gas that would otherwise be flared, supplying domestic power generation and industrial consumers. Nigeria's chronic gas-to-power deficit represents both a challenge and an opportunity for Seplat's gas business. Key stock drivers include oil prices, MPNU acquisition regulatory approval, production volumes and growth, ANOH gas plant ramp-up, Nigerian government regulatory and fiscal environment, security conditions in the Niger Delta, and pipeline infrastructure availability.