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Tuesday, September 27, 2022

Savannah Energy seeks acquisition of Exxonmobil’s upstream assets

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Savannah Energy Plc, is advancing discussions with ExxonMobil Corporation 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 per cent operated interest in the Doba Oil Project, and an effective c. 40 per cent interest in the Chad-Cameroon oil transportation pipeline.

In 2020, the Doba Oil Project produced an average gross 33.7 Kbopd and the Chad-Cameroon pipeline transported a gross 129.2 Kbopd.

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