Savannah Petroleum discovers oil in Niger well

Savannah NigerUK's Savannah Petroleum Plc said that it has discovered an oil-bearing reservoir in the Amdigh-1 well, its second in a three-well drilling operation

The company said that it has discovered 22m of oil-bearing reservoir sandstones in the well, which is located in the Agadem Rift Basin in South East Niger.

Savannah Petroleum said it would install a downhole completion assembly on the well after production testing.

The company, in 2014/2015, was awarded the R1, R2, R3 permits in the Agadem Rift Basin, which has 2P resources of 975mmbbl and output of 20,000bpd

“Two discoveries from our first two ARB exploration wells is clearly encouraging for the future of our Niger project. Given these successes, we have now engaged external consultants to commence detailed development concept evaluation work around the creation of a potential R3 East Area Early Production System. On the drilling front, I expect our near-term focus to remain on the prospects in the R3 area and we expect to provide further updates on potential additional drilling activity over the coming months,” Andrew Knott, CEO of Savannah Petroleum, said.

“Amdigh is a significant discovery for Savannah, which I believe, alongside Bushiya, has the potential to underpin a future R3 East development hub. The well further validates Savannah’s original thesis for entering the ARB, being that significant portions of the Company’s acreage have similar geology to that of the neighbouring Agadem PSC area, which has proven so prolific for the Joint Venture partnership led by China National Petroleum Corporation. Given the extensive prospects and leads inventory we have in the wider R3 license area and in our Niger portfolio, we remain encouraged about the potential of our future exploration activities,” Steve Jenkins, Chairman of Savannah Petroleum, said.

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