Nigeria assets

Our operations
Nigeria assets

Supplying gas to approximately 20% of Nigeria’s thermal power generation capacity

Upstream assets

Uquo

Savannah holds an 80% economic interest in the exploration, development and production of gas within the Uquo Field, the Uquo Gas Project. The Uquo Field is a non-associated gas field, with gross 2P Reserves of 456.2 Bscf as at the end of 2023. It produces gas that is processed and transported through Accugas’ infrastructure to end customers. Condensate produced from the Uquo Field is exported via the Qua Iboe terminal. The remaining 20% economic interest in the Uquo Gas Project is held by AIIM. The Uquo Field was converted to a 20-year petroleum mining lease in accordance with the Petroleum Industry Act 2021 and effective from 1 December 2023.

456.2 Bscf

Gross 2P Reserves as at end 2023

82.8 Bscf

Gross 2C Resources as at end 2023

129.2 MMscfpd

Average gross daily gas production 2023

Stubb Creek

Stubb Creek Field is a producing oil field with considerable undeveloped, non-associated 2C gas Resources. On 19 March 2024, Savannah announced the planned SIPEC Acquisition. SIPEC’s principal asset is a 49% non-operated interest in the Stubb Creek Field, located in Akwa Ibom State, Nigeria, where our Universal Energy Resources Limited affiliate is the 51% owner and operator. The Stubb Creek Field was converted to a 20-year petroleum mining lease in accordance with the Petroleum Industry Act 2021 and effective from 1 December 2023.

11.9 MMstb

Gross 2P Reserves as at end 2023

515.3 Bscf

Gross 2C gas Resources as at end 2023

2.0 Kbopd

Average gross daily production 2023

Midstream gas assets

Accugas

Savannah’s Accugas midstream business focuses on the marketing, processing, distribution and sale of gas to the Nigerian market. Savannah holds an 80% economic interest in Accugas, with the remaining 20% held by AIIM. Accugas receives gas from Uquo at its nameplate 200 MMscfpd processing facility, where the gas is treated and then transported through its approximately 260 km pipeline network.

200 MMscfpd

Gas processing facility

260 km

Pipeline network

5

Customers

Gas sales agreements

Savannah's eight gas customers are

Calabar Generation Company Limited (owner of the Calabar power station);
Lafarge Africa PLC (owner of the Lafarge Mfamosing cement plant);
First Independent Power Limited (owner of the FIPL Afam, Eleme and Trans Amadi power plants);
Ibom Power Company Limited (owner of the Ibom power station); and
Central Horizon Gas Company Limited.

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Read more in our
latest Annual Report and Accounts