Savannah Petroleum in talks to buy ExxonMobil’s asset portfolio in Chad and Cameroon

CHAD-CAMEROON – Savannah Energy, the African’s oil, and gas industry-focused British independent energy company, is in advanced exclusive discussions with ExxonMobil with respect to the proposed acquisition of its entire upstream and midstream asset portfolio in Chad and Cameroon. The proposed acquisition would include a 40% operated interest in the Doba Oil Project, and an effective approximately 40 percent interest in the Chad-Cameroon oil transportation pipeline.  In 2020, the Doba Oil Project produced an average gross of 33.7 thousand barrels per day (Kbopd), and the Chad-Cameroon pipeline transported a gross of 129.2 Kbopd. If completed on…

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Savanna Energy’s Accugas signs agreement of supplying gas to Mulak Energy

NIGERIA – Savannah Energy, the African-focused British independent energy company, has announced that its Accugas subsidiary has entered into a new gas sales agreement (GSA) with Mulak Energy (Mulak). The GSA is initially for a seven-year term. It envisages the supply of gas produced by Savannah’s majority-owned Uquo field for an initial two-year period on an interruptible basis and the subsequent five years on a firm contract basis. During the Interruptible Gas Delivery Period, Mulak is able to nominate a maximum daily quantity of up to 2.5 MMscfpd. Volumes in…

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