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Savannah Petroleum has discovered oil in the Agadem Rift Basin in southeast Niger, the independent announced on Monday.

Savannah strikes oil in Niger

Niger

LONDON, April 23, 2018 – Savannah Petroleum has discovered oil in the Agadem Rift Basin in southeast Niger, the independent announced on Monday.

 

Well Bushiya-1 in the R3/R4 PSC area has encountered 10 metres of net oil-bearing sandstone, the company statement added.

“This morning’s announcement marks an encouraging start for our multi-well drilling campaign in Niger,” CEO Andrew Knott said. “Our drilling operations have followed the seismic and FTG survey acquisition activities we have conducted in prior years in the ARB and I am very pleased that all of these operations have come in at, or under, budgeted levels and timelines.”

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