Savannah Petroleum has announced that it has made an oil discovery at the Eridal-1 exploration well, onshore Niger.
Eridal-1 is the fourth consecutive discovery Savannah has made in its ongoing exploration campaign in the R3 portion of the R3/R4 PSC Area in the Agadem Rift Basin, South East Niger.
Preliminary results indicate that the well has encountered a total estimated 13.6 million of net oil bearing reservoir sandstones in the E1 reservoir unit within the primary Eocene Sokor Alternances objective. Wireline logs indicate the reservoir properties to be good quality and the available data indicates light oil consistent with Savannah’s discoveries to date.
Production tests are expected to be performed on at least two of Savannah’s discovery wells as a precursor to the Company’s plans to implement our Niger Early Production Scheme (EPS).
Andrew Knott, CEO of Savannah Petroleum, said: “What was different about Eridal-1 was that we were targeting a structure which had previously been drilled in a down-dip location by a previous operator. Our technical team had a strong view that significant potential existed up-dip and selected the Eridal-1 well accordingly. We believe this has contributed meaningful oil resource additions to support the development of our proposed EPS."