Africa Oil & Gas: Savannah Petroleum provides update on Seven Energy acquisition – updates Niger operations

On 8 June 2017, Savannah Petroleum announced that it had entered into a binding exclusivity agreement with Seven Energy International in relation to the potential acquisition of substantially all of its oil and gas assets in Nigeria.

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Africa Oil & Gas: Savannah Petroleum provides update on upcoming Niger drilling campaign

The Company can confirm that the focus of its initial three well drilling campaign is intended to be on the R3 PSC.  The R3 PSC Area sits within a proven petroleum ‘sweet spot’ in the basin, with some of the largest discoveries located in adjacent areas to the north and south, including the currently producing fields.  It is also located in close proximity to existing and planned infrastructure in the basin. 

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Africa Oil & Gas: “Niger R3 License Area 3D Seismic Completed” – Savannah

Niger-focused energy firm Savannah Petroleum plc announced Tuesday that the 3D seismic acquisition over a 300 square mile portion of the R3 license area has been completed, approximately two weeks ahead of schedule and on budget, according to Rigzone reports.

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