Our history
- About us
- Our history
Historical overview
2024
2023
2022
2021
2020
2019
2018
2017
2016
2015
2014
November 2024
Savannah is shortlisted for “Best Company in Education Intervention of the Year” at the prestigious SERAS CSR/Sustainability Awards Africa 2024 for our Savannah Energy Education and Internship Training programme in Nigeria.
September 2024
Savannah is shortlisted for the ‘ESG Initiative of the Year’ award at The Chartered Governance Institute UK & Ireland Awards.
Savannah is delighted to be shortlisted for three awards at the 2024 Corporate & Financial Awards, including Best Printed Report, Best Online CSR or ESG Report and Best Corporate Website.
August 2024
An extension of the agreement with Central Horizon Gas Company Limited (“CHGC”) was signed in August 2024 for an additional 12-month period, whereby our Accugas subsidiary is supplying CHGC with up to 10 MMscfpd of gas.
July 2024
A new 24-month agreement was signed in July 2024 by our Accugas subsidiary with Ibom Power Company Limited, owner of the Ibom power station, to supply up to 30 MMscfpd of gas. This follows the expiration of the previous 10-year agreement.
June 2024
Savannah is delighted to present our United Nations Sustainable Development Goals 2023 Report
Savannah publishes Task Force on Climate-Related Financial Disclosures report 2023
March 2024
Savannah publishes an updated Nigeria Competent Persons Report
Read the Nigeria Competent Persons Report 2024
Savannah announces consolidation of our Stubb Creek Field interest with share purchase agreements signed to acquire a 49% participating interest in Sinopec International Petroleum Exploration and Production Company Nigeria Limited (“SIPEC”).
January 2024
An extension of the agreement with First Independent Power Limited (“FIPL”) was signed, effective January 2024, for an additional 12-month period, whereby our Accugas subsidiary is supplying FIPL’s Afam, Eleme and Trans Amadi power stations with up to 65 MMscfpd of gas.
December
Conversion of both the Uquo Marginal Field (the “Uquo Field”) and the Stubb Creek Marginal Field (the “Stubb Creek Field”) oil mining leases to new 20-year petroleum mining leases, both effective 1 December 2023, in accordance with the Republic of Nigeria’s Petroleum Industry Act 2021.
November 2023
Savannah won a Bronze Award for ‘Best Printed Annual Report’ and was ‘Highly Commended’ in the category of ‘Best Online CSR or ESG Report’ at the UK Corporate & Financial Awards
October 2023
Savannah was shortlisted for the 2023 Investor Relations Society UK, Best Practice Awards for the "Best Communication of Sustainability"
Savannah announces the publication of our first disclosure report for the Sustainability Accounting Standards Board (“SASB”).
September 2023
Savannah was shortlisted in the 2023 Corporate & Financial Awards, in the categories of both 'Best Printed Annual Report' and 'Best Online CSR or ESG Report.'
June 2023
Appointment of Joseph Pagop Noupoué as Chair of the Board
Joseph Pagop Noupoué, Chair, Savannah
May 2023
New natural gas sales and purchase agreement signed with Amalgamated Oil Company Nigeria Limited
New agreement signed with the Government of Niger for the development of up to 200 MW of new solar projects
An example of a solar farm similar to that envisaged for Savannah's proposed solar projects, Niger.
April 2023
Appointment of Joseph Pagop Noupoué as Non-Executive Director & Chair Designate
New agreement signed with the Government of Cameroon for the Bini a Warak project
The waterfalls on the Bini River, inside the Bini a Warak hybrid hydroelectric and solar project site, Cameroon
December 2022
Share purchase agreement signed with PETRONAS International Corporation Limited for the acquisition of its entire South Sudan oil and gas portfolio
Dar Petroleum Operating Company's Paloch Field Processing Facility Overview, South Sudan
Completion of ExxonMobil transactions in Chad and Cameroon
Publication of Supplemental Admission Document for the acquisition of ExxonMobil's entire upstream and midstream asset portfolio in Chad and Cameroon
Sarah Clark and Dr Djamila Ferdjani were appointed as Non-Executive Directors to the Board
Savannah joined the Extractive Industries Transparency Initiative (“EITI”)
November 2022
Savannah shortlisted for ‘ESG Initiative of the Year’ by the Chartered Governance Institute UK & Ireland (“CGI”) Awards
August 2022
New gas sales agreement signed with Notore Chemical Industries PLC
June 2022
New gas sales agreement signed with TransAfam Power Limited
First gas sales to First Independent Power Limited’s Trans Amadi power plant
First gas sales to Central Horizon Gas Company Limited
First gas sales to TransAfam Power Limited
Savannah's Uquo Central Processing Facility, Nigeria
May 2022
Savannah was shortlisted for ‘Best ESG Materiality Reporting (Small-cap) by the IR Magazine Awards – Europe
April 2022
Gas sales agreement extended with First Independent Power Limited to cover its three power stations in Nigeria
March 2022
Agreement signed with the Government of Niger for the country’s first wind farm, Parc Eolien de la Tarka, which is expected to be one of the largest wind farms in Africa
An example of a wind farm similar to that envisaged for Savannah's proposed wind projects, Niger.
February 2022
New gas sales agreement signed with Central Horizon Gas Company
December 2021
Results of Placing and Subscription Raising US$65 million
November 2021
First gas sales to FIPL Afam power plant
Savannah's Ikot Abasi Gas Receiving Facility, Nigeria
June 2021
Proposed acquisition of ExxonMobil Assets in Chad & Cameroon.
May 2021
Savannah won NECA Employer of the Year Award for the oil and gas (upstream) sector at the Nigeria Employers’ Consultative Association Annual Employers’ Excellence Awards in Lagos
L-R: Obinna Okorie, Senior Stakeholder Relations Coordinator, Okwudili Onyia, Communications Manager, Savannah, Nigeria
February 2021
First gas-to-compressed-natural-gas (CNG) sales agreement with Mulak Energy
January 2021
FY 2020 Total Revenues of US$235.9m announced following the first full year of operating our Nigerian assets
December 2020
Revised gas sales agreement with Lafarge Africa PLC for the supply of gas to its Mfamosing cement plant in Cross River State, Nigeria
May 2020
Updated Competent Persons Report published by CGG for Niger
Oil sample from exploration drilling campaign in R3 East, Niger
Supplemental Admission Document published relating to the Nigerian assets acquisition
April 2020
Savannah changed its name to Savannah Energy PLC reflecting the Company’s increasingly diversified asset portfolio
January 2020
Announcement of a new gas sales agreement providing gas to First Independent Power Limited's Afam power plant, part of the multinational Sahara Group
Savannah's Uquo Central Processing Facility, Nigeria
December 2019
Updated Competent Persons Report published by CGG for Nigeria
Savannah's Uquo Central Processing Facility, Nigeria
November 2019
Acquisition of Nigerian assets completed
August 2019
Ministerial consent received for the acquisition of Nigerian assets
Savannah's Stubb Creek Early Production Facility, Nigeria
January 2019
US$23 million successfully raised through a placing of ordinary shares
December 2018
Amendments to the terms of the Nigerian assets acquisition, resulting in an 80% stake in the Uquo gas field and Accugas, in partnership with African Infrastructure Investment Managers (“AIIM”)
September 2018
Announcement of agreement to acquire 37.5% minority interest in UERL as part of the Nigerian assets acquisition
April - October 2018
Savannah discovered oil in five out of five test wells (Bushiya, Amdigh, Kunama, Eridal and Zomo) in Niger establishing a 100% success rate
Oil sample from exploration drilling campaign at R3 East, Niger
December 2017
Announcement of plans to acquire Seven Energy’s Nigerian assets in partnership with leading private equity firm, African Infrastructure Investment Managers (“AIIM”)
US$125 million equity raise successfully completed
Front row L- R: Uche Orji, Managing Director/CEO, Nigeria Sovereign Investment Authority (“NSIA”), Andrew Knott, Chief Executive Officer, Savannah Energy PLC
Back row L-R: Richard Eckrich, Head of Infrastructure Fund, Nigeria Sovereign Investment Authority (“NSIA”), Stella Ojekwe-Onyejeli, Executive Director and Chief Risk Officer, Nigeria Sovereign Investment Authority (“NSIA”), Dikko Ladan, Chairman, Savannah Energy, Nigeria
January 2017
Completion of 3D seismic acquisition over a c. 800km2 portion of the R3 licence area in Niger
November 2016
Organised a site visit for analysts and investors to Savannah's operations and offices in Niger
Community water well built by Savannah near our host community of N'Gourti, Niger.
July 2016
US$40 million raised through a placing and issue of ordinary shares
July 2015
US$36 million raised through a placing
Signed R3/R4 area Production Sharing Contract ("PSC") in the Agadem Rift Basin, Niger
L-R: Andrew Knott, Chief Executive Officer, Savannah, His Excellency Foumakoye Gado, Minister of Energy and Petroleum, Dr Djamila Ferdjani, Non-Executive Director, Savannah, Mohamed Wafy, His Excellency, Rakiatou Jackou Kaffa, Minister of Industrial Development, Zhang Jun, Omar Sidi, Advisor to the President, Yacine Wafy, Head of West Africa, Savannah.
November 2014
Began a Full Tensor Gravity Gradiometry Survey in the R1/R2 licence area of the Agadem Rift Basin, Niger
August 2014
Listed on AIM with an initial market capitalisation of US$142 million, raising approximately US$50 million in new equity
July 2014
Savannah was incorporated
Announced the signing of a Production Sharing Contract (“PSC”) with the Government of Niger for the R1/ R2 licence area. The PSC was believed to represent the single largest direct foreign investment into Niger by a UK company
Front row L to R: Adolphe Baguidi, Director General Hydrocarbons, Niger, His Excellency, Foumakoye Gado, Minister of Energy and Petroleum, Niger; Andrew Knott, Chief Executive Officer, Savannah and Rt Hon Sir Stephen O'Brien, Vice Chair and Non-Executive Director, Savannah.
Back row L to R: Yves Moukory; Jean-Benoit de Masacarel, Joesph Pagop Noupoué and Sean Korney
November 2024
Savannah is shortlisted for “Best Company in Education Intervention of the Year” at the prestigious SERAS CSR/Sustainability Awards Africa 2024 for our Savannah Energy Education and Internship Training programme in Nigeria.
September 2024
Savannah is shortlisted for the ‘ESG Initiative of the Year’ award at The Chartered Governance Institute UK & Ireland Awards.
Savannah is delighted to be shortlisted for three awards at the 2024 Corporate & Financial Awards, including Best Printed Report, Best Online CSR or ESG Report and Best Corporate Website.
August 2024
An extension of the agreement with Central Horizon Gas Company Limited (“CHGC”) was signed in August 2024 for an additional 12-month period, whereby our Accugas subsidiary is supplying CHGC with up to 10 MMscfpd of gas.
July 2024
A new 24-month agreement was signed in July 2024 by our Accugas subsidiary with Ibom Power Company Limited, owner of the Ibom power station, to supply up to 30 MMscfpd of gas. This follows the expiration of the previous 10-year agreement.
June 2024
Savannah is delighted to present our United Nations Sustainable Development Goals 2023 Report
Savannah publishes Task Force on Climate-Related Financial Disclosures report 2023
March 2024
Savannah publishes an updated Nigeria Competent Persons Report
Read the Nigeria Competent Persons Report 2024
Savannah announces consolidation of our Stubb Creek Field interest with share purchase agreements signed to acquire a 49% participating interest in Sinopec International Petroleum Exploration and Production Company Nigeria Limited (“SIPEC”).
January 2024
An extension of the agreement with First Independent Power Limited (“FIPL”) was signed, effective January 2024, for an additional 12-month period, whereby our Accugas subsidiary is supplying FIPL’s Afam, Eleme and Trans Amadi power stations with up to 65 MMscfpd of gas.
December
Conversion of both the Uquo Marginal Field (the “Uquo Field”) and the Stubb Creek Marginal Field (the “Stubb Creek Field”) oil mining leases to new 20-year petroleum mining leases, both effective 1 December 2023, in accordance with the Republic of Nigeria’s Petroleum Industry Act 2021.
November 2023
Savannah won a Bronze Award for ‘Best Printed Annual Report’ and was ‘Highly Commended’ in the category of ‘Best Online CSR or ESG Report’ at the UK Corporate & Financial Awards
October 2023
Savannah was shortlisted for the 2023 Investor Relations Society UK, Best Practice Awards for the "Best Communication of Sustainability"
Savannah announces the publication of our first disclosure report for the Sustainability Accounting Standards Board (“SASB”).
September 2023
Savannah was shortlisted in the 2023 Corporate & Financial Awards, in the categories of both 'Best Printed Annual Report' and 'Best Online CSR or ESG Report.'
June 2023
Appointment of Joseph Pagop Noupoué as Chair of the Board
Joseph Pagop Noupoué, Chair, Savannah
May 2023
New natural gas sales and purchase agreement signed with Amalgamated Oil Company Nigeria Limited
New agreement signed with the Government of Niger for the development of up to 200 MW of new solar projects
An example of a solar farm similar to that envisaged for Savannah's proposed solar projects, Niger.
April 2023
Appointment of Joseph Pagop Noupoué as Non-Executive Director & Chair Designate
New agreement signed with the Government of Cameroon for the Bini a Warak project
The waterfalls on the Bini River, inside the Bini a Warak hybrid hydroelectric and solar project site, Cameroon
December 2022
Share purchase agreement signed with PETRONAS International Corporation Limited for the acquisition of its entire South Sudan oil and gas portfolio
Dar Petroleum Operating Company's Paloch Field Processing Facility Overview, South Sudan
Completion of ExxonMobil transactions in Chad and Cameroon
Publication of Supplemental Admission Document for the acquisition of ExxonMobil's entire upstream and midstream asset portfolio in Chad and Cameroon
Sarah Clark and Dr Djamila Ferdjani were appointed as Non-Executive Directors to the Board
Savannah joined the Extractive Industries Transparency Initiative (“EITI”)
November 2022
Savannah shortlisted for ‘ESG Initiative of the Year’ by the Chartered Governance Institute UK & Ireland (“CGI”) Awards
August 2022
New gas sales agreement signed with Notore Chemical Industries PLC
June 2022
New gas sales agreement signed with TransAfam Power Limited
First gas sales to First Independent Power Limited’s Trans Amadi power plant
First gas sales to Central Horizon Gas Company Limited
First gas sales to TransAfam Power Limited
Savannah's Uquo Central Processing Facility, Nigeria
May 2022
Savannah was shortlisted for ‘Best ESG Materiality Reporting (Small-cap) by the IR Magazine Awards – Europe
April 2022
Gas sales agreement extended with First Independent Power Limited to cover its three power stations in Nigeria
March 2022
Agreement signed with the Government of Niger for the country’s first wind farm, Parc Eolien de la Tarka, which is expected to be one of the largest wind farms in Africa
An example of a wind farm similar to that envisaged for Savannah's proposed wind projects, Niger.
February 2022
New gas sales agreement signed with Central Horizon Gas Company
December 2021
Results of Placing and Subscription Raising US$65 million
November 2021
First gas sales to FIPL Afam power plant
Savannah's Ikot Abasi Gas Receiving Facility, Nigeria
June 2021
Proposed acquisition of ExxonMobil Assets in Chad & Cameroon.
May 2021
Savannah won NECA Employer of the Year Award for the oil and gas (upstream) sector at the Nigeria Employers’ Consultative Association Annual Employers’ Excellence Awards in Lagos
L-R: Obinna Okorie, Senior Stakeholder Relations Coordinator, Okwudili Onyia, Communications Manager, Savannah, Nigeria
February 2021
First gas-to-compressed-natural-gas (CNG) sales agreement with Mulak Energy
January 2021
FY 2020 Total Revenues of US$235.9m announced following the first full year of operating our Nigerian assets
December 2020
Revised gas sales agreement with Lafarge Africa PLC for the supply of gas to its Mfamosing cement plant in Cross River State, Nigeria
May 2020
Updated Competent Persons Report published by CGG for Niger
Oil sample from exploration drilling campaign in R3 East, Niger
Supplemental Admission Document published relating to the Nigerian assets acquisition
April 2020
Savannah changed its name to Savannah Energy PLC reflecting the Company’s increasingly diversified asset portfolio
January 2020
Announcement of a new gas sales agreement providing gas to First Independent Power Limited's Afam power plant, part of the multinational Sahara Group
Savannah's Uquo Central Processing Facility, Nigeria
December 2019
Updated Competent Persons Report published by CGG for Nigeria
Savannah's Uquo Central Processing Facility, Nigeria
November 2019
Acquisition of Nigerian assets completed
August 2019
Ministerial consent received for the acquisition of Nigerian assets
Savannah's Stubb Creek Early Production Facility, Nigeria
January 2019
US$23 million successfully raised through a placing of ordinary shares
December 2018
Amendments to the terms of the Nigerian assets acquisition, resulting in an 80% stake in the Uquo gas field and Accugas, in partnership with African Infrastructure Investment Managers (“AIIM”)
September 2018
Announcement of agreement to acquire 37.5% minority interest in UERL as part of the Nigerian assets acquisition
April - October 2018
Savannah discovered oil in five out of five test wells (Bushiya, Amdigh, Kunama, Eridal and Zomo) in Niger establishing a 100% success rate
Oil sample from exploration drilling campaign at R3 East, Niger
December 2017
Announcement of plans to acquire Seven Energy’s Nigerian assets in partnership with leading private equity firm, African Infrastructure Investment Managers (“AIIM”)
US$125 million equity raise successfully completed
Front row L- R: Uche Orji, Managing Director/CEO, Nigeria Sovereign Investment Authority (“NSIA”), Andrew Knott, Chief Executive Officer, Savannah Energy PLC
Back row L-R: Richard Eckrich, Head of Infrastructure Fund, Nigeria Sovereign Investment Authority (“NSIA”), Stella Ojekwe-Onyejeli, Executive Director and Chief Risk Officer, Nigeria Sovereign Investment Authority (“NSIA”), Dikko Ladan, Chairman, Savannah Energy, Nigeria
January 2017
Completion of 3D seismic acquisition over a c. 800km2 portion of the R3 licence area in Niger
November 2016
Organised a site visit for analysts and investors to Savannah's operations and offices in Niger
Community water well built by Savannah near our host community of N'Gourti, Niger.
July 2016
US$40 million raised through a placing and issue of ordinary shares
July 2015
US$36 million raised through a placing
Signed R3/R4 area Production Sharing Contract ("PSC") in the Agadem Rift Basin, Niger
L-R: Andrew Knott, Chief Executive Officer, Savannah, His Excellency Foumakoye Gado, Minister of Energy and Petroleum, Dr Djamila Ferdjani, Non-Executive Director, Savannah, Mohamed Wafy, His Excellency, Rakiatou Jackou Kaffa, Minister of Industrial Development, Zhang Jun, Omar Sidi, Advisor to the President, Yacine Wafy, Head of West Africa, Savannah.
November 2014
Began a Full Tensor Gravity Gradiometry Survey in the R1/R2 licence area of the Agadem Rift Basin, Niger
August 2014
Listed on AIM with an initial market capitalisation of US$142 million, raising approximately US$50 million in new equity
July 2014
Savannah was incorporated
Announced the signing of a Production Sharing Contract (“PSC”) with the Government of Niger for the R1/ R2 licence area. The PSC was believed to represent the single largest direct foreign investment into Niger by a UK company
Front row L to R: Adolphe Baguidi, Director General Hydrocarbons, Niger, His Excellency, Foumakoye Gado, Minister of Energy and Petroleum, Niger; Andrew Knott, Chief Executive Officer, Savannah and Rt Hon Sir Stephen O'Brien, Vice Chair and Non-Executive Director, Savannah.
Back row L to R: Yves Moukory; Jean-Benoit de Masacarel, Joesph Pagop Noupoué and Sean Korney
