Sepha completes 30 upstream projects, seeks indigenous financing support

Sepha completes 30 upstream projects, seeks indigenous financing support

An indigenous oilfield services company, Sepha Energies, says it completes more than 30 upstream oil and gas projects within one year.

The company also urged greater access to financing to accelerate local content development.

The Managing Director of Sepha Energies, Mrs Sandra Agho, disclosed this in a goodwill message at the 2026 Nigerian Annual International Conference and Exhibition.

The event was organised by the Society of Petroleum Engineers (SPE) in Lagos on Monday.

Agho said the company’s rapid growth demonstrated what Nigerian-owned firms could achieve when given opportunities to compete.

She recalled that Sepha Energies was introduced to stakeholders in 2025 shortly after its transition.

She described it as one of the few women-owned and women-led oil and gas service companies in Nigeria.

“Last year, I stood here asking the industry to believe in Sepha. Today, I stand here thanking the industry for believing in us,” she said.

According to her, clients’ confidence in the company has translated into business expansion, job creation, investment and stronger indigenous technical capacity.

Agho disclosed that Sepha Energies completed more than 30 upstream projects in the past year.

She added that more than 10 additional projects are currently in the pipeline.

She said the company is simultaneously delivering more than five service lines across four operational locations.

The managing director revealed that the workforce doubled from 25 to 50 professionals since the transition.

She added that Sepha Energies remained continuously engaged in project execution every month during the period.

Agho identified the award of a 2,000-horsepower, 10,000 PSI land rig contract as a major turning point in the company’s growth.

She described the contract as a vote of confidence in the company’s competence and technical capability.

According to her, successful execution of the contract strengthened confidence among financial institutions.

This enabled the company to invest in strategic assets, including a 2,000-horsepower, 10,000 PSI land rig.

The company also acquired a 460,000-pound, 10,000 PSI Dolly Walkover unit.

She added that Sepha Energies now has access to a leading 3,000-horsepower, 15,000 PSI swamp drilling rig.

According to her, the rig could be mobilised to Nigeria within three months with an experienced international operating crew.

Agho said the company’s achievements underscore the importance of creating opportunities for indigenous firms.

She noted that local companies could compete effectively when supported by industry stakeholders.

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While expressing optimism about future growth, she stressed that indigenous capacity development requires adequate indigenous financing.

“We cannot build indigenous capacity without indigenous capital.

“If local content is to reach its full potential, indigenous service companies must have access to sustainable financing.

“That financing enables us to invest, innovate and compete globally,” she said.

Agho highlighted the company’s support for several Nigerian marginal field operators.

She revealed that Sepha Energies helped some operators achieve first oil without upfront payment.

She said the arrangement was based on mutual trust and confidence.

She said the operators fulfilled their financial commitments within the agreed timelines.

She added that the experience demonstrated the value of collaboration among operators, service companies, financial institutions and government.

According to her, such collaboration can drive growth across Nigeria’s petroleum industry.

Reflecting on the company’s journey, Agho said the greatest challenge was securing the first opportunity to demonstrate competence.

“The biggest risk in our journey was never being a woman-owned company. The biggest risk was whether someone would give us our first opportunity.

“Opportunity may open a door, but only execution can keep it open,” she said.

She expressed appreciation to indigenous and international operators and industry partners for their confidence in the company.

They include Platform Petroleum, Formation Drilling, EOP Energy, Oando, Hilong, NEPL, TotalEnergies, Pillar Oil, Matrix Energy and Seplat Energy.

Agho also acknowledged the Nigerian Content Development and Monitoring Board for policies supporting local content and indigenous participation.

She further thanked technology partners, including SLB, Halliburton, Weatherford and Welltec, for supporting the company’s expansion.

She also commended FirstBank and Sterling Bank for supporting the company’s growth initiatives.

Commending the Society of Petroleum Engineers, Agho said the platform amplifies the voices of indigenous companies.

She said Sepha Energies attended NAICE in 2025 with a vision but returned this year with measurable results.

She emphasised that Nigeria’s energy future would be driven by collaboration among key industry stakeholders.

These include government, financial institutions, technology providers and indigenous companies working to build a globally competitive energy industry.