Seplat Energy Plc has confirmed that its Yoho offshore production platform will remain offline for the rest of the year following a fire incident in late September. The update was disclosed in the company’s Q3 2025 financial results, obtained by The Bavijas Club.
The Nigerian oil and gas firm stated that the fire was swiftly contained by the platform’s safety systems, which functioned effectively and prevented any injuries.
However, the incident caused damage to electrical systems, prompting a temporary halt in operations.
Although the cause of the fire is not stated, the company said it was “working to restore production safely and swiftly,” as repairs and integrity checks continue.
“Unfortunately, at the end of September, we had a fire incident at Yoho. While there were no injuries and the safety systems worked efficiently, the event reinforces our decision to focus and prioritize additional investment in integrity and maintenance activities,” said Roger Brown, Seplat Energy’s Chief Executive.
The shutdown is expected to result in a production loss of approximately 10,000 to 12,000 b/d, which would impact Seplat’s initial Q4 2025 forecast.
Yoho is a key offshore asset located within Nigeria’s Oil Mining Lease (OML) 104, about 90km from the Qua Iboe Terminal in Akwa Ibom State.
The field is jointly operated by Seplat which holds a 40% stake, and state-owned NNPC, with 60%.
Seplat acquired its interest in Yoho from ExxonMobil in late 2024, as part of a broader transaction that included OMLs 67, 68, and 70.
The company clarified that the affected platform is separate from the Yoho Floating Storage and Offloading (FSO) unit.
Despite the incident, Seplat’s Q3 2025 results remained strong. Since the firm assumed control over ExxonMobil’s shallow water assets, it has consistently maintained robust financial and operational outcomes.