Tag: Cameroon Assets

Savannah Acquires ExxonMobil, Petronas’ Entire Assets in Chad, Cameroon

ADEOLA YUSUF

Savannah Energy PLC has announced that it has signed a Share Purchase Agreement (“SPA”) with Exxon Mobil Corporation, ExxonMobil International Holdings, Inc. and Esso Exploration Holdings, Inc. (“Exxon”) and has separately signed an SPA with PETRONAS (E&P) Overseas Ventures SDN. BHD. (“PETRONAS (E&P) Overseas Ventures”). Platforms Africa reports that the British independent energy company focused around the delivery of Projects that Matter in Africa, which made this announcement in a statement, added that the deals were “relating to the purchase of each of their entire upstream and midstream asset portfolios…

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Savannah Energy Ups Takeover plan for ExxonMobil’s Chad, Cameroon Assets

Aoko Benjamin

Savannah Energy PLC, the African-focused British independent energy company sustainably developing high quality, high potential energy projects in Nigeria and Niger, announces that, it is in advanced exclusive discussions with ExxonMobil Corporation with respect to the proposed acquisition of its entire upstream and midstream asset portfolio in Chad and Cameroon (the “Proposed Acquisition”). Platforms Africa reports that the Proposed Acquisition would include a 40% operated interest in the Doba Oil Project, and an effective c. 40% interest in the Chad-Cameroon oil transportation pipelines.   READ ALSO: Nigeria hands over Marginal…

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