Savannah Energy PLC engages primarily in the exploration, development, and production of natural gas and crude oil, with significant operations concentrated in Nigeria and Niger. The company's core offerings include hydrocarbon production from fields such as Uquo and Stubb Creek in Nigeria and the R3 East oil development project in Niger. Savannah Energy also operates Accugas Limited, a midstream subsidiary that processes and distributes natural gas, supplying approximately 17% of Nigeria's thermal power generation capacity. Complementing its upstream and midstream oil and gas business, Savannah Energy has a growing Power Division focused on developing large-scale renewable energy projects across Africa, including hydroelectric, solar, and wind assets, aiming to deliver clean, competitively priced electricity to millions of households.
Recent major developments include the completion of the acquisition of Sinopec International Petroleum Exploration and Production Co Nigeria Ltd in 2025, enhancing its upstream oil and gas portfolio. The company signed a $60 million reserve-based lending facility with Standard Bank of South Africa and Stanbic IBTC Bank to fund strategic growth initiatives. Savannah Energy also pursued an expansion of its renewable energy operations with plans to increase investment in renewable projects across the continent. While the company cancelled a previously planned $1.25 billion acquisition of Petronas’s oil and gas business, it continues to explore potential transactions to acquire producing oil and gas assets in South Sudan. Additionally, in late 2025, Savannah Energy shareholders approved a share buyback program, reflecting confidence in its capital return strategy.
Founded in 2013 and headquartered in London, Savannah Energy operates primarily in West Africa with a focus on Nigeria and Niger, targeting both domestic and regional energy markets. The company serves a diverse customer base, including power utilities and industrial consumers, by integrating traditional hydrocarbon assets with renewable energy solutions. Its strategic positioning as a dual-focused energy company allows it to offer a sustainable and diversified energy supply, supporting Africa’s transitioning energy landscape while maintaining steady hydrocarbon production of around 23.1 thousand barrels of oil equivalent per day, predominantly gas. Savannah Energy is listed on the London Stock Exchange under the ticker SAVE.