Savannah strikes it lucky in the Sahara
UK independent can develop its Agadem field on the back of a major funding boost and pipeline access to world markets
British independent Savannah Petroleum is preparing to complete the Seven Energy gas deal in Nigeria—a move that will equip it with the financial clout to develop its Agadem field oil assets in neighbouring Niger. The news comes just weeks after Chinese major CNPC signed a cross-border pipeline deal with Benin and Niger that opens up Savannah’s prospects of exporting to the world market. Since 2014, Savannah’s five exploration wells have produced five discoveries in Agadem, a remote region on the fringes of the Sahara. Funding constraints have so far delayed investment to bring these into production—but this obstacle should soon be lifted by the somewhat-delayed Seven transaction. The London
Also in this section
15 May 2025
Financial problems, lack of exploration success and political dogma cause uncertainty across much of the region
14 May 2025
The invisible hand of the market has seen increasing transparency but much more needs to be done to build a better understanding
13 May 2025
A fall in Venezuelan output drives overall production lower, as Saudi Arabia starts to slowly bring more crude to the market
12 May 2025
With the gas industry’s staunchest advocates and opponents taking brutal blows, the sector looks like treading a path of insipid indifference
