- Savannah Energy reports strong operational and financial growth across Nigeria and the African continent.
- Strategic reforms and disciplined project execution drive opportunities in the hydrocarbons and power sectors.
African hydrocarbon and power opportunities are attracting growing investment, and Savannah Energy is capitalising on them. These opportunities offer strong returns for firms ready to execute projects across Nigeria and other African markets. Consequently, companies investing in thermal and renewable power are seeing measurable benefits.
Savannah Energy’s CEO, Andrew Knott, expressed optimism about the company’s 2025 performance. He highlighted nine focus areas, including increasing cash collections in Nigeria. By September 2025, the company achieved a nine per cent revenue rise to $185.2 million. Cash collections increased five per cent to $241.6 million. These results demonstrate operational strength and financial resilience.
Operational performance also shows strong momentum. Gross production in Nigeria averaged 20.1 Kboepd, with 85 per cent gas. Production at Stubb Creek rose 24 per cent to 3.3 Kboepd. This growth aligns with Savannah Energy’s 18-month expansion programme following its acquisition of Sinopec International Petroleum Exploration and Production Company Nigeria Limited in March.
The company is progressing with well-site construction at the Uquo North East development, with drilling scheduled for January 2026. Initial gas is expected by the end of that quarter, targeting up to 80 MMscfpd. Drilling at Uquo South will follow. Earlier, 2P Reserves rose 21 per cent for Uquo gas and 29 per cent for Stubb Creek oil.
Savannah Energy also installed a new compression system at the Uquo Central Processing Facility. The project was completed safely, approximately ten per cent below the $45 million budget. Additionally, the company secured a gas contract extension with Central Horizon Gas Company, valid until December 2026, which allows for up to 10 MMscfpd.
Beyond hydrocarbons, Savannah is expanding in Africa’s power sector. It plans minority stakes in three hydropower projects, including Uganda’s 255 MW Bujagali plant, which supplies approximately 30 per cent of the country’s electricity. Two other projects, in advanced stages, will serve over 30 million people across Uganda, Burundi, the DRC, Malawi, and Rwanda.
The company also develops wind and hybrid projects, including Niger’s 250 MW Parc Eolien de la Tarka and Cameroon’s 95 MW Bini-Warak hydro-solar project. Furthermore, Savannah actively explores additional thermal and renewable energy opportunities, with new transactions expected within 24 months.
Overall, disciplined project execution, strategic acquisitions, and a focus on cash collection underpin Savannah Energy’s growth. Investors seeking Africa’s energy potential can confidently explore these African hydrocarbon and power opportunities.