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Thursday, April 13, 2023
Savannah Energy states that it has continued progressing plans for the Early Production Scheme on the approximately 35 MMstb of Gross 2C Resources in the R3 East oil development in the Agadem Rift Basin in South East Niger, which forms part of the larger Central African rift system.
Bottomhole pumps and completion equipment were ordered in Q1 2023, and a work-over rig solution has been identified for a well test program, which Savannah expects to carry out in Q4 2023.
Following the well test result, Savannah expects to issue a comprehensive field development plan with first oil targeted in 2024 and production expected to ramp up to a plateau rate of approximately 5 Kbopd for the initial development. The crude is expected to be evacuated via the new Niger-Benin export pipeline, which is currently under construction, reported to be 75% completed and estimated to be fully operational in Q4 2023.
The company also updated progress on its Parc Eolien de la Tarka wind farm project in Niger which will have a generation capacity of up to 250 MW. Savannah says the project has the potential to increase Niger’s on-grid electricity supply by over 40%, and has made significant progress. “All key studies required to achieve project sanction (including wind measurement, environmental and social impact, grid integration, security, cartography, road and aviation studies) have either been completed or are in progress. The preliminary on-site wind speed data measurements have proven to be highly encouraging and we expect project sanction in 2024,” the company stated in its Q1 2023 Operational Update.
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