Savannah Energy PLC (SVNNF)

Overview

Savannah Energy PLC is an energy company engaged primarily in the exploration, development, and production of natural gas and crude oil. Originally established as Savannah Petroleum Plc, the company underwent a name change to Savannah Energy PLC in April 2020 to better reflect its broader energy ambitions beyond petroleum. The company focuses its operations predominantly in Africa, holding significant interests in various oil and gas assets across Niger and Nigeria. With its headquarters located in London, United Kingdom, Savannah Energy PLC was incorporated in 2014, marking its entry into the energy sector with a strategy to develop and bring to market the energy resources in Africa.

Products and Services

Natural Gas and Crude Oil Exploration and Production: Savannah Energy PLC is deeply involved in the exploration and production of natural gas and crude oil. The company leverages its expertise and resources to discover, develop, and commercialize energy resources.

Uquo Field Asset: Owning an 80% interest, the Uquo field is one of Savannah Energy’s key natural gas assets located in southeast Nigeria. This asset forms a critical part of the company's portfolio, significantly contributing to its production output and revenue.

Stubb Creek Oil and Gas Field: The company holds a 51% interest in the Stubb Creek oil and gas field, further emphasizing its foothold in the Nigerian energy sector. This field diversifies the company’s asset portfolio by adding both oil and gas production capabilities.

Accugas Midstream Assets: With an 80% interest, the Accugas midstream assets are pivotal to Savannah Energy’s operations, facilitating the processing and transportation of natural gas from their fields to the market. This asset underscores the company’s vertical integration strategy, allowing for better control over the value chain.

Agadem Rift Basin: Located in southeast Niger, Savannah Energy PLC holds license interest in this prospective basin covering an approximate area of 13,655 square kilometers. The Agadem Rift Basin offers significant exploration upside potential and is a cornerstone of the company's growth strategy in Africa.

Energy Project Development: Beyond its core activities, Savannah Energy is also involved in the development of other energy-related projects in Africa. These activities demonstrate the company's commitment to expanding its energy portfolio and contributing to the energy needs of the African continent.