The Board of Directors of Seplat Energy Plc has announced the appointment of Ms. Koosum Kalyan as an Independent Non-Executive Director of the Company who will be joining the Seplat Board with effect from 28th February 2023.
In a statement, the company said Ms. Koosum Kalyan is a South African businesswoman and economist whose career began in the Electricity Commission in Melbourne Australia as an economist.
She subsequently joined Shell South Africa as an economist and became a member of the Shell Global Scenario Planning Team after which she embarked on her expatriate posting to Shell International London for 9 years.
According to the company, the scope of her work included projects in Nigeria, Gabon, Mozambique, Tanzania; among others.
It further noted that Ms. Kalyan assisted governments in transforming its energy policies and in joining the Extractive Industries Transparency Initiative during her tenure at Shell and also assisted in digitising government institutions.
“She has served on the Boards of several prestigious companies where she expertly contributed her wealth of knowledge to the progress of these companies and was recently appointed the Chairperson of Control Risk for Southern Africa.
“Ms. Kalyan has a degree in B. Com Law and a degree in Economics from the University of Durban Westville. She has also completed the Senior Executive Management Program at London Business School and a Leadership Management Program at Shell Leadership Institute,” the statement said.
The statement also quoted the Chairman of SEPLAT Energy, Mr. Basil Omiyi, as saying that “The Board of SEPLAT Energy is pleased to welcome Ms. Koosum Kalyan. Koosum has a proven track record of operating across the African continent and her experience spans over decades and cuts across the oil and gas industry as well as the wider energy industry. SEPLAT Energy eagerly looks forward to the enormous contribution she will make towards the Company’s growth plans achieving global success.”
Meanwhile, the company which is listed on both the Nigerian Exchange Limited and the London Stock Exchange, has announced its audited results for the full year ended 31 December 2022, recording a rise in profit before tax by 15.3 per cent to N86.7bn from N71bn year-on-year.
The company said it also generated cash from its operations to the tune of N242.4 billion from N150.9 billion year-on-year, rising by 51.6 per cent, while it also grew its revenue by 29.8 per cent to N403.9 billion from N293.6 billion year-on-year; as its gross profit soars to N197.2 billon from N114.2 billion year-on-year, rising by 63 per cent.
“Seplat Energy is paying a US7.5 cent final dividend, despite the significantly disrupted production experienced in the second half of the year. This amounts to a full-year dividend of US15 cents, representing a dividend yield of around 11 per cent at the current LSE share price.
“In its operations, Seplat Energy’s working interest production averaged 44 kboepd, impacted by outages of key infrastructure predominantly in Q3. Use of Amukpe-Escravos Pipeline (AEP) enables high uptime in December, exit rate of 53 kboepd. The Company completed 13 wells including two wells for the ANOH gas processing plant. ANOH Gas Processing Plant is 95 per cent mechanically complete, awaiting third-party infrastructure completion,”the company said in the statement.
