Savannah in new Niger oil find

Niger

LONDON, July 11, 2018 – Savannah Petroleum has made its third consecutive oil discovery in recent months in Niger, the independent announced on Wednesday.

Well Kunama-1 drilled in the R3/R4 PSC area encountered 9 metres of net oil pay, after wells Amdigh-1 and Bushiya-1 nearby struck 22 metres and 10 metres of oil-bearing sandstone, respectively. Next in line to be spudded is the Eridal-1 well, and this will happen in the next few weeks, the company statement added.

“The Kunama discovery, following on from Amdigh and Bushiya, provides further encouragement for our plans to establish an early production scheme in Niger, which we expect to be able to provide an update on later in this quarter,” CEO Andrew Knott said.

“The improved understanding of the R3 geology we have gained from the outcome of these wells has also given us the confidence to extend our campaign to target the Eridal prospect, located in close proximity to Amdigh, and we expect to provide updates on further potential additional drilling activity over the course of the coming months.”