Savannah Energy Plc, a British independent energy company, has provided an operational and financial update for the seven months to July 31, 2025.

The company has signed a turnkey drilling contract for up to two wells on the Uquo Field, with the Uquo NE development well due to start drilling in January 2026 and first gas targeted by the end of Q1 2026.

According to Andrew Knott, CEO of Savannah Energy, “We are also reporting today that we have signed a turnkey drilling contract for up to two wells on the Uquo Field in Nigeria, with the Uquo NE development well due to start drilling in January 2026 and first gas targeted by the end of that quarter.”

Key Highlights:

– Uquo NE is forecast to provide gas volumes of up to 80 MMscfpd.

– The company has completed a new compression system at the Uquo Central Processing Facility, which was delivered safely and approximately 10% under the original US$45 million budget.

– Savannah Energy’s Stubb Creek asset continues to perform well, with current daily production of 3.2 Kbopd, up 20% on the 2024 average.

The company is also making progress on its power division, with negotiations at an advanced stage regarding a Joint Development Agreement for the up to 95 MW Bini a Warak hybrid hydroelectric and solar project in Cameroon.

“We continue to target further increases in Stubb Creek production as we progress the planned expansion programme there. 2025 continues to be an exciting year for the business, and we continue to work towards ‘ticking-off’ the delivery of the nine focus area projects that we outlined at the beginning of the year,” said Andrew Knott.