Savannah Energy PLC is a British independent energy company focused around the delivery of Projects that Matter in Africa. We are active in both hydrocarbon and power projects.
With over 200 MMboe of hydrocarbon resources in Nigeria and Niger, and a Reserves and Resources life of over 26 years, Savannah aspires to play a long-term role in supplying the energy Africa needs. In Nigeria, Savannah has a significant controlling interest in a large-scale integrated gas production and distribution business which is capable of supplying gas to enable approximately 17% of Nigeria’s available thermal power generation capacity. Savannah’s assets in Nigeria include two large-scale oil and gas fields, Uquo and Stubb Creek, and the Accugas midstream business, all of which are located in South East Nigeria. FY 2024 average gross daily production from our Nigerian operations was 23.1 Kboepd.
In March 2025, Savannah announced the completion of the Sinopec International Petroleum Exploration and Production Company Nigeria Limited (“SIPEC”) Acquisition, which consolidated the Company’s interests in the Stubb Creek field. Savannah has since commenced work on a planned production expansion that has already increased current Stubb Creek gross daily production to 3.3 Kbopd, approximately 24% above the 2024 average. The full programme, expected to take up to 18 months, is anticipated to raise gross production to as much as 4.7 Kbopd. In parallel, Savannah is evaluating an alternative, lower capex option that could deliver a faster production ramp up, with plateau production sustained for a longer period at a slightly lower rate than under the original expansion programme
In Cameroon, Savannah owns a 41.06% [1] financial interest in the Cameroon Oil Transportation Company (“COTCo”), which owns and operates the Cameroon Export Transportation System, comprising the Cameroon export pipeline, the Kome Kribi 1 floating storage and offloading unit (“FSO”) and related infrastructure.
In Niger, Savannah’s licence interests cover 13,655 km2, approximately 50% of the country’s main petroleum basin, the Agadem Rift Basin in the southeast of the country. Subject to a satisfactory agreement being reached with the Government, its subsidiary is considering commencing a four-well testing programme and/or a return to exploration activity in the R1234 PSC contract area in 2026/27. The R3 East development plan, itself, has been significantly re-worked, with a plateau production rate of around 10 Kbopd now assumed (previously 5 Kbopd). Assuming a successful well test programme is conducted, the Company would look to accelerate plans to commence commercial oil production from the R3 East Area and intends to incorporate the data acquired into the field development plan. The Niger-Benin oil export pipeline, now fully operational, provides a potential route to international markets for crude oil produced from the R1234 contract area.
Savannah’s Power Division currently has a portfolio of large-scale hydroelectric, solar and wind renewable energy projects in motion across Africa, including the flagship up to 250 MW Parc Eolien de la Tarka wind farm project in Niger and the up to 95 MW Bini a Warak hybrid hydroelectric and solar project in Cameroon. Savannah also recently announced plans to acquire interests in three flagship East African hydropower assets, marking the Company’s expansion into five new countries and its first operating power asset. Savannah recently repositioned its Power Division business model to pursue operating asset opportunities in both the thermal and renewable energy spaces, alongside interests in large scale renewable energy development projects.
Savannah’s up to 250 MW Parc Eolien de la Tarka project, located in the Tahoua Region of southern Niger, is expected to be the country’s first wind farm and the largest in West Africa. With 35 to 40 wind turbines and a total power generation capacity of up to 250 MW, it is expected to produce up to 800 GWh of electricity per year, representing approximately 20% of Niger’s national annual electricity demand by 2029. The construction phase is expected to create over 500 jobs, and it has the potential to reduce the cost of electricity for Nigeriens and avoid an estimated 450,000 tonnes of CO2 emissions annually.
Two leading international development finance institutions, the IFC and the DFC, are funding approximately two-thirds of the project’s pre-construction development costs. Additionally, Savannah is also developing up to 200 MW of solar projects in Niger.
In Cameroon, Savannah is progressing the up to 95 MW Bini a Warak hybrid hydroelectric and solar project, which involves the construction of a hydroelectric dam on the River Bini in the northern Adamawa Region of the country. The project is expected to generate clean, stable, and affordable power, increasing the northern region’s generation capacity by over 50%. Financial close is currently anticipated in Q3 2028, with first power from the solar unit expected approximately two years thereafter and commissioning of the hydropower unit around four years post-close. Ahead of financial close, Savannah currently plans to reduce its ownership interest in the Bini a Warak project by approximately 50% to introduce additional equity partners.
In September 2025, Savannah announced its planned entry into the Bujagali, Mpatamanga and Ruzizi III hydropower projects through the acquisition of Norfund’s interest in Klinchenberg. Bujagali is a flagship East African power plant with an excellent 13-year operating and payment track record. It currently supplies approximately 31% of Uganda’s electricity, while Mpatamanga and Ruzizi III are advanced-stage developments which are expected to generate highly competitively priced electricity in their respective countries for the benefit of over 30 million people.
[1] In April 2023, Savannah’s wholly owned subsidiary, Savannah Midstream Investment Limited (“SMIL”), signed a Share Purchase Agreement with the national oil company of Cameroon, Société Nationale Des Hydrocarbures (“SNH”) for the sale of 10% of the issued share capital in COTCo. Completion of the transfer of the shares from SMIL to SNH will result in SMIL’s shareholding in COTCo reducing from 41.06% to 31.06%. Completion can only occur upon satisfaction of certain conditions precedent related to amendments to the Articles of Association of COTCo. During the second half of 2023, in an attempt to take control of and deprive SMIL of its equity ownership, governance and operational rights in COTCo, the Republic of Chad, SHT Overseas Petroleum (Cameroon) Limited (“SHT”), COTCo and certain other shareholders of COTCo took a number of actions in breach of the Articles of Association of COTCo, the Services Agreement between COTCo and SMIL, and Cameroonian law. SMIL has commenced arbitral and other legal proceedings against COTCo, the Republic of Chad, SHT Overseas Petroleum (Cameroon) Limited and the other shareholders of COTCo to seek full compensation for the loss that it has and may suffer as a result of such actions.
