Middle East / Africa
Country summary: Chad
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Chad - recent news
|26 May 23
||Chad/Cameroon: Savannah Energy provides COTCo update
As previously announced, the share purchase agreement with PETRONAS (E&P) Overseas Ventures for a wholly owned affiliate of Savannah to acquire PETRONAS' upstream and midstream asset portfolio in Chad and Cameroon was terminated by mutual agreement on 13 December 2022. PETRONAS has informed Savannah that it has now completed the sale of these assets to Societe des Hydrocarbures du Tchad, the national oil company of Chad.
|24 Mar 23
||Chad: Savannah Energy provides Chad upstream asset update
Savannah Energy notes the Decree issued by the President of the Republic of Chad dated 23 March 2023, nationalising Savannah Chad Inc’s ('SCI') (formerly Esso Exploration and Production Chad Inc ('EEPCI')) upstream production assets in Chad. On 9 December 2022 Savannah Energy Chad completed the acquisition of EEPCI.
|14 Dec 22
||Chad/Cameroon: Savannah Energy announces termination of SPA for PETRONAS' Chad and Cameroon portfolio
On 13 December 2021, Savannah Energy announced that it had entered into a Share Purchase Agreement ('SPA') to acquire PETRONAS' upstream and midstream asset portfolio in Chad and Cameroon. Completion of the proposed acquisition remained subject to satisfaction of certain conditions precedent which have not yet been satisfied and the SPA has been terminated.
|12 Dec 22
||Chad/Cameroon: Savannah Energy completes acquisition ExxonMobil's Chad and Cameroon assets
Savannah Energy has announced the completion of its acquisition of ExxonMobil's entire upstream and midstream asset portfolio in Chad and Cameroon, including operatorship of the upstream assets.
|29 May 22
||Chad: Savannah Energy signs agreement with the Government of the Republic of Chad for new renewable energy projects
Savannah Energy has signed an agreement with the Ministry of Petroleum and Energy of the Republic of Chad for the development of up to 500 megawatts of renewable energy projects supplying electricity to the Doba Oil Project and the towns of Moundou and Doba in Southern Chad, and the capital city, N'Djamena.
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