19 Mar 2024
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.
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.
Read more about our proposed
SIPEC Acquisition here.
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
8
Customers1
Customers
Gas sales agreements
Savannah's eight gas customers1 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);
- Central Horizon Gas Company Limited;
- Notore Chemical Industries PLC;
- Shell Petroleum Development Company of Nigeria Limited; and
- Shell Nigeria Gas Limited.
Download map
Read more in our
latest Annual Report and Accounts
Read more about our Nigerian assets in our latest Annual Report and Accounts
1 As at 31 December 2023
