Savannah Energy

What Savannah Energy does

Savannah Energy PLC is a British independent energy company, incorporated in England and Wales and headquartered in London at 40 Bank Street, with operations concentrated in West and Central Africa (Nigeria, Niger, and Cameroon) and a primary listing on the London Stock Exchange's AIM market under LON:SAVE. The company operates a dual-division model: a Hydrocarbons division built around upstream oil and gas production and an integrated gas distribution business (Accugas) that supplies approximately 24% of Nigeria's thermal power generation capacity under long-term gas sales agreements with named off-takers including TransAfam Power, First Independent Power, Central Horizon Gas Company, and Notore Chemical Industries, alongside upstream assets such as the Uquo Gas Project, Stubb Creek field, and a 31.06% effective interest in the Cameroon Export Transportation System and Kome Kribi 1 FSO. Post-SIPEC reserves stand at 197 mmboe with a stated Reserves and Resources life of 26+ years, and 2026 production guidance is 20-22 Kboepd.

The company's revenue model is essentially a long-term contracted commodity play: hydrocarbon volumes are sold at market-linked prices under multi-year gas sales agreements, with cash collection (FY2025: $278M, up 12% YoY) functioning as a more reliable indicator than accrual revenue (11 months to Nov 2025: $218.1M) due to Nigerian off-taker payment timing. Go-to-market is B2B enterprise field sales targeting power generation utilities and large industrial gas consumers, with no consumer-facing distribution layer. A Power Division is being built out alongside the legacy E&P business to develop utility-scale hydroelectric, solar, and wind projects across Africa, including the Bini a Warak 75 MW project in Cameroon, up to 200 MW of solar in Niger, and up to 500 MW of wind/solar in Chad.

Strategically, Savannah is in a transitional phase. The March 2025 SIPEC acquisition from Sinopec expanded the Nigerian upstream base by 30%, while the Niger license revocation and 2023 Chad nationalization of the Doba fields assets (currently being pursued via $775M+ arbitration) have simultaneously contracted the African footprint. Capital access is increasingly routed through the largest shareholder NIPCO plc, which provided a £32M unsecured facility in May 2026 and is building toward ~25% ownership, while CEO Andrew Knott raised his personal stake to ~20% in June 2026. The combination of a contracted gas backlog, expanding reserves, and a renewable pipeline supports continued operation, but the political-risk concentration across three African jurisdictions with active resource-nationalism pressure is the dominant operational variable.

Name

Savannah Energy

Legal name

Savannah Energy PLC

Website

https://savannah-energy.com

Company type

Public

Founded year

2014

Operating status

Operating

Headcount range

251–500 employees

Short description

Savannah Energy PLC is a London-listed independent energy company producing and distributing hydrocarbons from Nigerian, Niger, and Cameroonian assets, supplying approximately 24% of Nigeria's thermal power generation capacity while developing utility-scale renewable energy projects across Africa.

Ownership category

akta.pro rank

Product category

Oil and Gas Exploration and Production

NAICS

Natural Gas Extraction (21113), Natural Gas Distribution (221210)

SIC

Crude Petroleum & Natural Gas (1311), Natural Gas Transmisison & Distribution (4923)

akta.pro primary industry

Captive & Embedded Gas-Fired Power Generation (Industrial/Commercial CHP) (EUALALAB)

akta.pro secondary industry

LNG-to-Power (FSRU/Regas-Fed Gas Power Plants) (EUACABAG)

Keywords

• Upstream oil and gas
• Natural gas distribution
• Hydrocarbon exploration
• Renewable energy projects
• Thermal power supply

Headquarters

HQ city

London

HQ country

United Kingdom

HQ region

Europe

Offices5 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Supply Chain, Personnel, Infrastructure, Technology or R&D, Others

Revenue model

1. Oil and Gas Production: Savannah Energy generates revenue primarily through the production and sale of hydrocarbons (oil and gas) from its upstream assets in Nigeria and Niger. The company operates the Uquo Gas Project and Stubb Creek oil and gas field in Nigeria, with production currently averaging approximately 18.8-19.1 Kboepd.
2. Gas Processing and Distribution: The company operates an integrated gas production and distribution business supplying gas to thermal power generation facilities. Savannah has a significant controlling interest in gas infrastructure currently supplying approximately 24% of Nigeria's thermal power generation capacity.
3. Power Division/Utilities: Savannah's Power Division pursues large-scale hydroelectric, solar and wind renewable energy projects across Africa, targeting utility-scale clean electricity generation for millions of households.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels5 records

Core offering

Savannah Energy is an independent energy company that produces and sells hydrocarbons (oil and gas) from upstream assets in Nigeria and Niger, including the Uquo Gas Project and Stubb Creek oil and gas field, with over 200 MMboe of resources and a Reserves and Resources life of over 26 years. Through its Accugas subsidiary, it operates an integrated gas production and distribution business supplying gas to approximately 24% of Nigeria's thermal power generation capacity. The company's Power Division also pursues utility-scale hydroelectric, solar and wind renewable energy projects across Africa.

Product overview

Savannah Energy PLC is a British independent energy company operating a dual-product portfolio: (1) Hydrocarbons division encompassing upstream oil and gas production assets including the Uquo Gas Project and Stubb Creek field in Nigeria, the Cameroon Export Transportation System (ETS) and Kome Kribi 1 FSO, plus license interests in Niger covering approximately 50% of the country's main petroleum basin; and (2) Power Division pursuing utility-scale renewable energy projects including hydroelectric (Bini a Warak 75 MW), solar (up to 200 MW in Niger), wind (Niger wind farm), and up to 500 MW of wind/solar in Chad. The company also operates its Accugas subsidiary providing integrated gas production and distribution supplying approximately 24% of Nigeria's thermal power generation capacity. The company holds over 200 MMboe of hydrocarbon resources with a Reserves and Resources life exceeding 26 years.

Differentiator

Problem solved

Functional benefit

Products and services

• Hydrocarbons Savannah Energy's upstream oil and gas business, including production and development of hydrocarbon resources in Nigeria and Niger with over 200 MMboe of resources and a Reserves and Resources life of over 26 years. Production averaged approximately 18.8-19.1 Kboepd in recent reporting periods.
• Power Division Savannah's renewable energy division pursuing large-scale hydroelectric, solar and wind renewable energy projects across Africa, including utility scale clean electricity generation for households and supporting the energy transition.
• Uquo Gas Project Large-scale upstream gas field in Nigeria, part of Savannah's principal producing assets supplying gas to approximately 24% of Nigeria's thermal power generation capacity through the Accugas integrated gas distribution business.
• Stubb Creek Oil and Gas Field Upstream oil and gas field in Nigeria where Savannah has expanded production to 3.3 Kbopd, approximately 24% above 2024 average levels, as part of the company's producing hydrocarbon assets portfolio.

Quantifiable outcome

• Over 200 MMboe of hydrocarbon resources with 26+ year reserves life
• +4 more outcomes

Named customers1 record

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Scale indicators16 records

Recent moves7 records

Expansion highlights5 records

Direct peers

• Seplat Energy: Seplat Energy is a leading Nigerian independent E&P company with significant gas processing and supply operations serving power generation customers. Directly comparable to Savannah as both are upstream Nigerian/Nigerian-focused operators with integrated gas-to-power exposure and dual-listed status.
• Oando Energy Resources: Oando is one of Nigeria's largest integrated energy companies with upstream, midstream, and gas distribution operations serving power and industrial customers. Comparable to Savannah in its African upstream focus and integrated gas supply model targeting Nigerian power generators.
• Aiteo Group: Aiteo is a Nigerian-focused E&P company operating the Nembe Creek Trunk Line and significant oil & gas production assets. Directly comparable as a private/closely-held Nigerian upstream and gas infrastructure operator supplying domestic power and industrial markets.
• Orca Exploration Group: Orca Exploration is an African-focused international E&P company operating the SS Gas Field in Tanzania, supplying gas to power generation. Comparable as a small-cap publicly-listed African gas-weighted producer with long-term gas sales agreements to power off-takers.
• Sahara Group: Sahara Group is a leading African energy conglomerate with upstream, midstream, gas, power, and downstream operations across Nigeria and other African markets. Comparable as a privately-held integrated African energy supplier with gas-to-power exposure serving similar customers.

Emerging players

• Chariot Limited: Chariot is an Africa-focused transitional energy group with upstream gas assets in Morocco, Mauritania, and South Africa. Comparable as a small-cap AIM-listed African energy company pursuing gas-to-power alongside renewables, though earlier-stage than Savannah.
• Afentra plc: Afentra is an AIM-listed upstream oil & gas company focused on acquiring and developing producing assets in West Africa (Angola focus). Comparable as a small-cap AIM-listed African upstream operator pursuing acquisition-led growth, though Angola-focused.
• Wentworth Resources: Wentworth Resources is an AIM-listed small-cap upstream gas producer with operations in Mozambique and Tanzania supplying gas to power generators. Comparable as a small-cap gas-focused producer with long-term gas sales agreements to power off-takers in Africa.

Broad incumbents

• TotalEnergies SE: TotalEnergies is a global integrated energy major with extensive African upstream, gas, LNG, and renewables operations across Nigeria, Mozambique, and elsewhere. Comparable as a major supplier of gas for power generation in Africa, though operating at a vastly larger scale and with global portfolio diversification.
• Eni S.p.A. Eni is an Italian integrated energy major with significant African upstream and gas operations including Nigeria, Egypt, Mozambique, and Algeria. Comparable through its African gas-to-power exposure, though as a diversified global major with broader portfolio than Savannah.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

• Xx.com/savannah_energy
• LinkedInlinkedin.com/company/savannahenergy
• YouTubeyoutube.com/results?search_query=savannah+energy

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Subsidiaries5 records

Funding overview

Funding rounds3 records

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Savannah Energy