Savannah Energy, has completed the acquisition of Sinopec International Petroleum Exploration and Production Company Nigeria ...

Savannah Energy PLC, a British independent energy company, has announced the completion of its acquisition of Sinopec International Petroleum Exploration and Production Company Nigeria Limited ...

Savannah Energy will increase production at Stubb Creek field in Akwa Ibom State, Nigeria following a recent acquisition.

The energy company focused on projects in Africa said Sipec's main asset was the 49% non-operated interest in the Stubb Creek oil and gas field in Nigeria, which is operated and 51% owned by ...

The company explained that the SIPEC acquisition increased Savannah’s Reserves and Resources base by approximately 30 per ...

This acquisition, initially disclosed on 19 March 2024, increases Savannah's reserves and resources base by approximately 30% from 151 million barrels of oil equivalent (mboe) to 197mboe.

Since commencing commercial oil production in 2015 ... “We are delighted to complete the SIPEC Acquisition—one of our key business priorities for 2025. Our focus now is to advance the ...

Exploration and Production Company Nigeria Limited (SIPEC). The acquisition, first disclosed on March 19, 2024, includes a 49% stake in the Stubb Creek oil and gas field, which is operated by ...