Savannah CEO Andrew Knott
Savannah Energy eyes expansion
The Africa-focused independent is looking for additional projects, says CEO Andrew Knott
AIM-listed independent Savannah Energy is the latest firm eyeing upstream expansion opportunities as the oil majors divest African assets. The company is engaged in “exclusive and advanced” negotiations to purchase all of ExxonMobil’s upstream and midstream assets in Chad and Cameroon, CEO Andrew Knott tells Petroleum Economist. The assets include a 40pc operated stake in the Doba oil project and 40pc of the Chad-Cameroon pipeline. Knott says the talks are ongoing, so he was unable to give an update, but the proposed acquisition would initially equate to roughly 35,000bl/d and his firm is seeking to “add value to assets”. Pipeline capacity and total flows are actually higher, at around 129,
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