Asset Integrity, Life Extension Vital to Sustaining Independent Oil Firms’ Value — Seplat

For independent oil and gas players in Nigeria to optimise the value of their assets, boost returns on investments and ensure resilient systems, they must get asset integrity right, fix obsolescence in their operations and consciously work on life extension of their assets, the CEO of Seplat Energy, Effiong Okon has said.
Okon said this during one of the panel sessions of the 49th Nigeria Annual International Conference and Exhibition (NAICE) organised by the Society of Petroleum Engineers (SPE) in Lagos themed ‘Building Resilient Energy Systems in a Rapidly Evolving Energy Landscape’.
According to him, critical equipment must be maintained at top quartile performance of 95 per cent, ...