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Thursday, December 24, 2020
In its recent operational update, Savannah Energy stated that plans for delivering the R3 East development in Niger continue to progress with the intention to commence installation of an Early Production System by the end of FY 2021, subject to market conditions and financing. Savannah intends to deliver its initial production of 1.5 Kbopd to the Zinder refinery in Niger.
Subsurface work has been progressing well following the completion of thr Pre-Stack Depth Migration (PSDM) processing of the R3 East seismic in 2019. Savannah has now completed the seismic interpretation of the R3 East area. The PSDM dataset shows an overall improvement in the interpretation of faults and horizons, supported by attributes analysis which has also improved its structural, stratigraphic and sedimentological interpretations. Based on the newly interpreted PSDM, 3D geocellular models have been built for the Amdigh and Eridal discoveries. The resulting oil in place volumes are in line with previously reported estimated figures from the Niger CPR dated April 2020.
Significant further potential on the Savannah PSC areas remains, with 146 further potential exploration targets having been identified for future drilling consideration as Savannah looks to follow up on its highly successful R3 East drilling campaign in 2018, which saw five exploration discoveries from five exploration wells. The R3 East portfolio is currently being re-evaluated based on the newly interpreted PSDM seismic dataset with a focus on the deeper Cretaceous plays.
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