Savannah continues Niger winning streak

Savannah Petroleum has scored a fourth consecutive find in the R3 part of the R3/R4 PSC in Niger, the independent announced on Wednesday.

Well Eridal-1 has struck about 13.6 metres of net oil pay. The news came on the heels of a discovery nearby last month, when the Kunama-1 well encountered 9 metres of net oil deposits.

“Following the successful results of the four exploration wells drilled to date on the R3 East area, Savannah has elected to exercise the second of the six individual options it has under contract with Great Wall Drilling Company Niger SARL,” the company statement added.

“The GW 215 rig will now mobilise to the Zomo-1 well site, located on the R3 portion of the R3/R4 PSC Area 12km from Eridal-1, where it will prepare to spud the Zomo-1 exploration well. Following the exercise of this option, Savannah will continue to have options for a further four wells, each of which can be exercised individually at Savannah’s discretion.”