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Savannah Energy PLC

Company Summary

Description

Savannah Energy PLC is an AIM listed British independent energy company focused around the delivery of Projects that Matter in Africa. In Nigeria, the Company has controlling interests in the cash flow generative Uquo and Stubb Creek oil and gas fields, and the Accugas midstream business in South East Nigeria, which provides gas enabling over 10% of Nigeria's thermal power generation. In Niger, the Company has licence interests covering approximately 50% of the highly oil prolific Agadem Rift Basin of South East Niger, where the Company has made five oil discoveries and seismically identified a large exploration prospect inventory consisting of 146 exploration targets to be considered for potential future drilling activity. The Company has announced that it is in the process of acquiring a portfolio of upstream and midstream assets in Chad and Cameroon.

Website

https://www.savannah-energy.com/

Operational Regions

  • International
  • Africa

Recent news

  • 12/14/2021 - Savannah Energy... (subscriber access)

Company Transactions

Date: 4/15/2022
Type: Acquisition

NOTES:
Savannah Energy has entered into deals with Exxon and Petronas to purchase the two firms' respective upstream and midstream portfolios in Chad and Cameroon. Completion of both deals would include a 75% controlling interest in the Doba Oil Project and a 0% indirect controlling interest in the Chad-Cameroon export transportation system.
REGIONS:
  • Africa