Savannah strikes Notore gas supply deal
Savannah Energy has signed another gas sales agreement in Nigeria with Notore Chemical Industries.
Savannah Energy has signed another gas sales agreement in Nigeria with Notore Chemical Industries.
Savannah Energy has signed a second gas sales agreement this year via its Accugas subsidiary.
Savannah Energy has signed a new gas sales agreement in Nigeria, via its Accugas subsidiary.
Savannah Energy has set out cost and capital expenditure cuts, while also revising a gas sales agreement in Nigeria with Lafarge Africa.
Last year was a “pivotal year” for Savannah Energy, the company has said announcing its 2019 preliminary results, as revenues flowed from its Nigerian portfolio.
Savannah Energy has paid down $40 million of debt as of the end of March as a result of its Nigerian gas supply business.
Savannah Petroleum expects to generate free cash flow of around $130 million per year from its recently acquired Nigerian assets, based on calculations from CGG Services.
It has been a long time coming, but Savannah Petroleum has completed its acquisition of Seven Energy, broadening its focus from Nigerien exploration to including Nigerian production.