Stefan Bernstein explains how the EU/Greenland critical raw materials partnership benefits GreenRoc. Watch the full video here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksSAVP.L Share News (SAVP)

  • There is currently no data for SAVP

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Savannah Petroleum To Export Oil Via Niger-Benin Pipeline In 2021

Mon, 16th Sep 2019 09:59

(Alliance News) - Savannah Petroleum PLC on Monday said a transportation convention was signed between China National Petroleum Corp and the Republic of Niger in relation to the crude oil export pipeline from the Agadem Rift basin to the Atlantic coast in Benin.

Savannah's flagship asset covers 50% of the "highly prospective" Agadem Rift basin of south east Niger. Therefore, the company said it is entitled to access such third-party infrastructure.

"From a Savannah perspective, it provides our company with a significant additional potential route to market, alongside the existing Zinder refinery, for our existing and future discoveries in Niger," said Savannah Chief Executive Andrew Knott.

The oil & gas company said the pipeline is expected to run for 2,000 kilometres from the Agadem Rift basin in Niger to Port Seme on the Atlantic coast in Benin, and is China National Petroleum's "largest ever" cross-border crude oil pipeline investment. Pipeline construction is expected to be complete by the end of 2021.

"The Niger-Benin export pipeline is expected to transform Niger into a major regional oil producer and deliver a material increase in the country's economic growth rate," added Knott.

Savannah shares were trading 4.1% higher in London on Monday at 23.90 pence each.

More News
17 Apr 2020 16:14

Savannah Petroleum To Become Savannah Energy On Monday Next Week

Savannah Petroleum To Become Savannah Energy On Monday Next Week

Read more
31 Jan 2020 15:29

Savannah Petroleum's Accugas enters new gas sales agreement

(Sharecast News) - Niger and Nigeria-focussed oil and gas company Savannah Petroleum announced on Friday that its Accugas operation has entered into a new interruptible gas sales agreement with First Independent Power (FIPL), in relation to the provision of gas sales to the FIPL Afam power plant.

Read more
31 Jan 2020 14:43

Savannah Petroleum "Delighted" By New Accugas Sales Agreement

Savannah Petroleum "Delighted" By New Accugas Sales Agreement

Read more
13 Dec 2019 08:57

Savannah Petroleum Renews EUR11 Million Oragroup Loan For Three Years

Savannah Petroleum Renews EUR11 Million Oragroup Loan For Three Years

Read more
12 Dec 2019 11:33

Savannah Petroleum Rehires Antoine Richard As Chief Operating Officer

Savannah Petroleum Rehires Antoine Richard As Chief Operating Officer

Read more
12 Dec 2019 10:32

Savannah Petroleum convinces Antoine Richard back as chief operating officer

(Sharecast News) - Niger and Nigeria-focussed oil and gas company Savannah Petroleum announced the appointment of Antoine Richard as its chief operating officer on Thursday, with immediate effect.

Read more
11 Dec 2019 16:56

Savannah Petroleum Says Report Confirms Estimates Of Nigerian Assets

Savannah Petroleum Says Report Confirms Estimates Of Nigerian Assets

Read more
11 Dec 2019 09:43

Savannah Petroleum confirms quality of Nigerian assets in CPR

(Sharecast News) - Independent oil and gas company Savannah Petroleum confirmed the high quality of its Nigerian assets on Wednesday following the publication of a competent person's report.

Read more
8 Nov 2019 14:07

Savannah Petroleum Moves Seven Energy Transaction To Completion Phase

Savannah Petroleum Moves Seven Energy Transaction To Completion Phase

Read more
8 Nov 2019 13:22

Savannah Petroleum moves Seven Energy transaction to completion stage

(Sharecast News) - Niger and Nigeria-focussed independent oil and gas company Savannah Petroleum updated the market on the Seven Energy transaction on Friday, reporting that final long-form documentation relating to the Seven Energy Group financial restructuring had now been agreed.

Read more
18 Oct 2019 15:59

Savannah enters $5m loan facility as it works to complete Seven transaction

(Sharecast News) - Niger and Nigeria-focussed oil and gas company Savannah Petroleum has entered into an unsecured loan facility, it announced on Friday, with an initial tranche of $5m, expected to be drawn immediately.

Read more
18 Oct 2019 12:56

ShoreCap stays at 'buy' on Savannah Petroleum, sees 'much higher' share price

(Sharecast News) - Analysts at ShoreCap reiterated their 'buy' recommendation for shares of Savannah Petroleum, telling clients that the unsecured loan facility into which it had entered on the same day was "entirely consistent with our expectations" and that they continued to anticipate a "much higher share price" on the acquisition of assets from Seven Energy was completed.

Read more
18 Oct 2019 09:36

Savannah Petroleum Secures Up To USD10 Million Load Facility

Savannah Petroleum Secures Up To USD10 Million Load Facility

Read more
10 Oct 2019 09:49

UK BROKER RATINGS SUMMARY: Barclays Raises Pennon And Cuts Ferrexpo

UK BROKER RATINGS SUMMARY: Barclays Raises Pennon And Cuts Ferrexpo

Read more
1 Oct 2019 12:05

Savannah Petroleum Reports Completion Of Uquo Facility Deal

Savannah Petroleum Reports Completion Of Uquo Facility Deal

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.