Savannah Energy has completed drilling of the Uquo South exploration well, which was spudded in early August 2026, with gas confirmed in most of the targeted reservoirs through pressure measurements, fluid sampling and well logging.
The company said the Uquo South discovery would be fully evaluated following completion of the well and the planned testing programme.
In its operational and financial update on its Nigerian operations and other African markets for the seven months ended July 31, 2026, Savannah Energy said drilling and completion activities at the Uquo 13 well location had been concluded.
According to the company, Uquo 13 was tied back to the Uquo Central Processing Facility (CPF), achieved first gas in July and is now on stream after successfully being tested at approximately 50 million standard cubic feet per day (MMscfd).
Savannah Energy also said that following completion of the SIPEC acquisition in March 2025, its production expansion programme at Stubb Creek had delivered a 29 per cent year-on-year increase in average gross daily production to 3.7 thousand barrels of oil equivalent per day (Kboepd) in the first seven months of 2026, compared with 2.8 Kboepd in the corresponding period of 2025.
Average production in July 2026 exceeded 5.0 Kboepd, while group average gross daily production stood at 16.3 Kboepd for the seven-month period, compared with 18.8 Kboepd for the full year 2025.
With Uquo 13 now on stream, Savannah Energy expects average gross daily production to exceed 20 Kboepd over the remaining five months of 2026. The company forecasts full-year 2026 average gross daily production in the range of 18–20 Kboepd, with further upside potential from the Uquo South exploration well.
ALSO READ:
- Savannah Energy Completes Uquo South Exploration Well
- Energia Marks 25 Years of Indigenous Energy Growth
- $21bn Investment Target as NNPC, Partners Seal Bonga South-West Deal
- NDPHC Applauds NPA for Recovery of Abandoned Power Equipment at Seaports
- Nigerian Navy, SEEPCO Unveil SSV KALI 3 for Energy Asset Security
The company said it is also actively reviewing opportunities in the oil and gas, thermal power and renewable energy sectors, with transactions expected to be announced over the next 24 months.
Knott Highlights Progress
Chief Executive Officer of Savannah Energy, Andrew Knott, said the company had made significant progress across its operations, particularly in Nigeria.
“2025 was a year of execution for Savannah, with good progress delivered across the nine focus areas we set out at the start of the year,” Knott said.
He noted that in Nigeria, the company increased its rate of cash collections by 12 per cent year-on-year and made significant progress towards refinancing its debt facilities.
In the Hydrocarbons Division, Knott said completion of the SIPEC acquisition in March 2025 enabled Savannah Energy to commence an expansion programme at Stubb Creek, resulting in a material increase in production compared with 2024.
At Uquo, the company delivered a new compression system under budget and advanced site construction ahead of the planned commencement of drilling of the Uquo NE well.
During the year, Savannah Energy also announced a 21 per cent increase in 2P reserves at the Uquo gas field and a 29 per cent increase in 2P reserves at the Stubb Creek oil field.
In Niger, Knott said Savannah remained engaged with the government on future activities, while the R3 East development plan had been significantly enhanced.
In the power sector, the company repositioned its business model and advanced operating and development opportunities, including a proposed acquisition of interests in three East African hydropower projects.
Savannah Energy also continued to advance its wind, solar and hydro portfolio while pursuing value-accretive acquisitions across both the hydrocarbons and power sectors.
The company further said it continued to progress its arbitration claims, with the Savannah Chad Inc. (SCI) and Savannah Midstream Investment Limited (SMIL) proceedings expected to be concluded in the first half of 2026.
Knott said the progress achieved had provided the company with a strong platform for continued growth and delivery.
