The UK-based Savannah Petroleum PLC has announced to discover oil in Bushiya-1 exploration well, located on the R3 portion of the R3/R4 PSC Area in the Agadem Rift Basin (ARB), south-east Niger
The well has encountered an estimated 10 metres of net oil-bearing reservoir sandstones across two intervals (three metre and seven metre) in the primary Eocene Sokor Alternances objective. It was drilled by Rig GW 215 to a total measured depth of 2,200 metres and took a total of 16 days to reach target depth. Well costs are therefore expected to be under budget, said the company.
“Drilling conditions were benign with no significant geological or drilling hazards encountered,” Savannah noted.
Commenting on the oil discovery, Steve Jenkins, chairman of Savannah Petroleum, said, “The discovery of light oil at Bushiya-1 is a significant milestone for Savannah and our Niger project.”
Foumakoye Gado, Niger minister of energy and petroleum, said, “The development of the oil and gas industry in the Agadem Rift Basin is expected to be transformative for both the Diffa region and Niger as a whole and is a national priority for our country.”
Andrew Knott, CEO of Savannah Petroleum, added, “We are focused on discovering and aggregating a series of oil fields to create and participate in hub-and-spoke production development(s).”
