Savannah Energy Plc engages in the acquisition, exploration, evaluation, and development of oil and properties. The Company’s principal activities are the exploration, development and production of natural gas and crude oil and the development of other energy-related projects in Africa. The company holds an 80% economic interest in the exploration, development and production of gas within the Uquo Field, the Uquo Gas Project. The company also holds a 49% non-operated interest in the Stubb Creek oil & gas field (Stubb Creek Field). Stubb Creek Field is located in Akwa Ibom State, Nigeria, and is a producing oil field with considerable undeveloped, non-associated 2C gas resources. The Company’s Accugas midstream business focuses on the marketing, processing, distribution, and sale of gas to the Nigerian market. The company owns and operates the Cameroon Export Transportation System, comprising the Cameroon export pipeline, the Kome Kribi 1 floating storage and offloading unit (FSO) and related infrastructure.
