Savannah will own an indirect share of c.70pc in the Chad-Cameroon export pipeline system
Chad’s Doba oil changes hands
UK independent Savannah Energy expands into Chad and Cameroon, as ExxonMobil and Petronas divest
AIM-listed independent Savannah Energy is purchasing the entire upstream and midstream portfolios of both ExxonMobil and Malaysia’s Petronas in Chad and Cameroon. The two simultaneous deals mean Savannah will own 75pc of the Doba oil project and an indirect share of around 70pc in the Chad-Cameroon export pipeline system—which also includes the Kome Kribi 1 floating storage and offloading facility—effective from 1 January 2021. The remaining 25pc stake in Doba is still held by Chad’s state oil company, SHT, while the rest of the transportation system is owned by affiliates of SHT and Chad’s government, and Cameroonian NOC SNH. ExxonMobil’s and Petronas’ shares had comprised 40pc and 35pc of
Also in this section
7 January 2026
No longer can the energy source be considered a sidekick to oil in the Middle East and neither should it step aside for less convincing alternatives
7 January 2026
The global race for critical minerals has become a defining feature of energy geopolitics, presenting the ASEAN region with both opportunity and risk
7 January 2026
As global energy systems evolve to meet shifting demand and transition pressures, maintaining reliable hydrocarbon supply remains essential to energy security
6 January 2026
Cash will be needed to boost production by 30% to meet region’s rapidly rising power demand, executives told the inaugural Middle East Gas Conference in December
