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Savannah wraps up seismic survey in Niger

Savannah Petroleum has now been completed its Full Tensor Gradiometry (FTG) survey of its Agadem Rift Basin plays in Niger

“The operational completion of the FTG survey marks another important step for Savannah,” said Andrew Knott, CEO of Savannah Petroleum. “We are pleased that it was completed ahead of time and on budget and believe it will prove instrumental in advancing our understanding of the basin.”

The 36,949 kilometres of acquired data will now be processed and interpreted, and the results will be integrated into Savannah’s Agadem basin subsurface model alongside the existing large 2D and 3D data sets Savannah is currently interpreting.

“Over the coming months we now expect Savannah to enter a period of increased corporate newsflow, with our updated exploration leads and prospect inventory expected in mid H1 2015,” added Knott.

“In addition, key drilling and seismic contracts are in the process of being awarded, partnership discussions are progressing and significant momentum is apparent in relation to the sanctioning of the Agadem Area export pipeline. We remain confident in the outlook for Savannah and the attractiveness of the Agadem basin as a proven, highly prospective and low-cost oil province.”

Oil & Gas News
Published on:
February 24, 2015
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