BY CONTINUING TO USE THIS SITE, YOU ARE AGREEING TO OUR USE OF COOKIES. REVIEW OUR
COOKIE NOTICE

Register with us today

and in less than 60 seconds continue your access to:Latest news headlinesAnalytical topics and featuresCommodities videos, podcast & blogsSample market prices & dataSpecial reportsSubscriber notes & daily commodity email alerts

Already have an account?

Log in to register

Forgot Password

Please Note: Platts Market Center subscribers can only reset passwords via the Platts Market Center

Enter your Email ID below and we will send you an email with your password.


  • Email Address*Please enter email address.

If you are a premium subscriber, we are unable to send you your password for security reasons. Please contact the Client Services team.

IF you are a Platts Market Center subscriber, to reset your password go to the�Platts Market Center to reset your password.

In this list
Oil

UK's Savannah Petroleum makes third oil find in Niger's Agadem basin

Electric Power | Natural Gas | Oil | Metals

Oil price drop takes center stage in Abu Dhabi; Turkish mills eye easing trade terms with US

Oil

Platts Rigs and Drilling Analytical Report (RADAR)

Oil | Crude Oil | Oil Risk | Petrochemicals | Aromatics | Olefins | Petrochemicals Risk | Polymers | Solvents & Intermediates

S&P Global Platts University (at MEEPEC)

Oil

IEA's Birol urges OPEC to 'behave' responsibly and maintain 'comfortable' oil market

UK's Savannah Petroleum makes third oil find in Niger's Agadem basin

London — UK exploration minnow Savannah Petroleum announced Wednesday a third oil discovery in Niger's southeastern Agadem Rift Basin which it hopes will support an early production scheme in the landlocked African country.

Not registered?

Receive daily email alerts, subscriber notes & personalize your experience.

Register Now

Kunama-1 exploration well in the R3/R4 PSC Area encountered 9 meters of net oil-bearing reservoir sandstones holding "light oil," Savannah said.

"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 in a statement.

Savannah said it does not expect to provide a discovered resource estimate until a well test program has been completed later in the year.

According to previous company presentations, Savannah was expecting the Kunama prospect to hold 24 million barrels of mean unrisked recoverable resources.

Savannah's Niger assets consist of two PSC areas which together cover an area of 13,655 sq km, almost half of the Agadem Rift Basin.

The basin has been in production since 2011 following a first phase of development of the Agadem PSC area by a CNPC-led joint venture.

Savannah is preparing to drill a fourth exploration well on the Eridal-1 prospect on its acreage in the coming weeks and has options for a further five wells under its current drilling rig contract.

-- Robert Perkins, robert.perkins@spglobal.com

-- Edited by Maurice Geller, maurice.geller@spglobal.com