• Savannah Energy plans to boost production at Nigeria’s Uquo field to meet rising gas demand.
• The company recently acquired SIPEC Nigeria in a $31.5 million transaction.
• New drilling at Uquo North-East could unlock 154 billion cubic feet of gas reserves.
Savannah Energy has announced plans to expand its natural gas operations in Nigeria following its recent acquisition of Sinopec International Petroleum Exploitation and Production Company Nigeria (SIPEC). The British company disclosed on May 19 that it is entering a new phase of development at the Uquo gas field, located in southeastern Nigeria, where it holds an 80% stake, along with 80% control of the Accugas gas processing plant.
The company intends to drill a new development well at Uquo North-East, targeting production levels of up to 80 million standard cubic feet of gas per day. If successful, Savannah will consider drilling an additional well at Uquo South, aimed at tapping an estimated 154 billion standard cubic feet of prospective gas resources.
Drilling operations are scheduled to begin in the fourth quarter of 2025, at a time when domestic demand for gas is increasing, particularly for power generation and industrial use. Expanding output is central to Savannah’s strategy to meet growing customer needs and reinforce its position in Nigeria’s natural gas market.
The company has already taken preparatory steps, including the commissioning of a compression unit to support long-distance gas transmission and improve distribution to both industrial and domestic users. A second compression unit is expected by the end of June 2025, which will further enhance gas pressure and increase the volume available for sale.
Savannah reports a stable production rate of 23,600 barrels of oil equivalent per day in Nigeria and views the new exploration phase as a critical move to support the country’s energy infrastructure and economic growth.
• Maritime sector faces renewed risks amid military tensions in the Middle East• Blockade fears at S...
Egypt signs deals to import up to 290 LNG cargoes over 30 months, starting in July Trafigura,...
(AfDB)-Egypt's first integrated solar and battery storage plant will deliver dispatchable clean ener...
Lion Group to explore and exploit gold, copper, and manganese in Algeria Malaysian firm plans...
This launch is a significant milestone that highlights Rwanda's ongoing digital transformation. With...
Key Highlights Niger’s government has seized full control of SOMAÏR, its only active uranium mine, stripping Orano of its 63.4% stake. Officials...
Key Highlights • Somalia inaugurates its first stock exchange, the National Securities Exchange of Somalia (NSES), in Mogadishu. • NSES will start...
Key Highlights: • Olam Agri to onboard 5,000 small-scale farmers in Kwara State under a new soybean supply initiative. • Partnership with IDH and...
Key Highlights• Ivory Coast ends TSDAR, a petroleum tax introduced in 2018 to reduce SIR’s debt.• Government to redirect two-thirds of revenue to...
Tucked away in northeastern Chad, deep in the heart of the Sahara Desert, the Ennedi Massif stands as an extraordinary natural and cultural marvel. This...
Kakum National Park is a protected area located in Ghana’s Central Region, near the city of Cape Coast. Established as a forest reserve in 1931 and...