Acquisition of SIPEC by Savannah Energy
Completed · Akwa Ibom · Last reported Mar 2025
Source: Business News Nigeria
Savannah Energy, a British independent energy company, has completed the acquisition of Sinopec International Petroleum Exploration and Production Company Nigeria (SIPEC). This acquisition increases Savannah’s reserves and resource base significantly and is expected to unlock material production upside at the Stubb Creek oil and gas field in Nigeria.
- Status
- Closed
- Sector
- Oil and Gas
- Location
- Akwa Ibom, Nigeria
- Updated
- 22 Jul 2026
- Source
- Business News Nigeria
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Project Information
Participants
| Not available for this record. |
Status
Original status | Completed |
Taiyo status | Closed |
Taiyo last update | 2026-07-22 |
Contact
| Not available for this record. |
Description
Description | Savannah Energy, a British independent energy company, has completed the acquisition of Sinopec International Petroleum Exploration and Production Company Nigeria (SIPEC). This acquisition increases Savannah’s reserves and resource base significantly and is expected to unlock material production upside at the Stubb Creek oil and gas field in Nigeria. |
Original sector | Energy |
Budget |
Location
Country | Nigeria |
State | Akwa Ibom |
Source
Source | Business News Nigeria |
URL |
More Details
Record type | Project |
Sector | Oil and Gas |
Article published date | 2025-03-24 |
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