UK's Savannah Petroleum has said that it has found oil in the Kunama-1 exploration well in the Agadem Rift basin in South East Niger.
It is the third consecutive discovery Savannah has made in its maiden exploration campaign in the R3 portion of the R3/R4 PSC Area in the basin.
The company said in a statement that preliminary results indicate that the well encountered a total estimated 9 meters of net oil bearing reservoir sandstones in the E1 and E5 reservoir units within the primary Eocene Sokor Alternances objective.
Andrew Knott, CEO of Savannah Petroleum, said: “This is clearly an exciting time for Savannah. The Kunama discovery, following on from Amdigh and Bushiya, provides further encouragement for our plans to establish an early production scheme in Niger, which we expect to be able to provide an update on later in this quarter."
Savannah stated that an extended well testing programme is currently being planned for later in the year. Following testing, a downhole completion assembly to Amdigh-1 is expected to be installed so as to enable the well to function as a production well in the future.
"The improved understanding of the R3 geology we have gained from the outcome of these wells has also given us the confidence to extend our campaign to target the Eridal prospect, located in close proximity to Amdigh, and we expect to provide updates on further potential additional drilling activity over the course of the coming months," added Knott.