Seplat reconstitutes ANOH Gas Processing Company board

Lagos -- Seplat Petroleum Development Company Plc has reconstituted the board of directors of the ANOH Gas Processing Company Limited, AGPC.

The inauguration of the new board took place at the Nigerian National Petroleum Corporation, NNPC, Towers in Abuja, and is targeted at delivering 300 million standard cubic feet of gas per day to the Nigerian market.

Group Managing Director of the NNPC, Dr. Maikanti Baru, inaugurated the reconstituted AGPC board.

The reconstituted board reflects the 50 percent shareholding of the Nigerian Gas Company Limited, NGC, which is a subsidiary of the NNPC, and Seplat.

Seplat in a statement explained that: “Following the partners’ completion of their first equity funding, the Corporate Affairs Commission (CAC) applications were filed and approved for the change of shareholders and directors of AGPC in order to reflect the equal shareholding of NGC and Seplat.”

The members of the reconstituted board are Engr. Saidu A. Mohammed (NNPC Chief Operation Officer, Gas & Power); Austin Avuru (Seplat’s Chief Executive Officer); Babatunde Bakare (NGC’s Managing Director); Stuart Connal (Managing Director, AGPC); Bala M. Wunti (NNPC Group General Managing, Corporate Planning & Strategy); and Gert-Jan Smulders (Seplat’s Technical Director).

Following the inaugural ceremony, the new board will proceed to hold its first meeting to consider and approve critical project activities.

In his address at the inauguration, the Chief Executive Office, Seplat, Mr. Austin Avuru, who is also the vice-chairman of the AGPC, appreciated the Nigerian Petroleum Development Company, NPDC, and the NNPC for the support they have given to Seplat and AGPC over the years.

Avuru noted that in less than 24 months the partnership was formed and substantial funding had gone into the project. He added: “Half of the equity funding is already in the bank. Thanks to the GMD of the NNPC for making funding available.”