Savannah Energy Nigeria posts 12% rise in cash collections, expands production and renewable energy projects across Africa in FY 2025 update
Savannah Energy PLC, the British independent energy company, has reported a 12% increase in cash collections from its Nigerian operations in its unaudited FY 2025 financial update.
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The announcement was made on Thursday, highlighting operational and financial developments across its African portfolio.
The company revealed that gross production in Nigeria averaged 18,800 barrels of oil equivalent per day in 2025, with gas accounting for 83% of output.
Following the March 2025 completion of the SIPEC Acquisition, Savannah commenced an 18-month expansion programme that lifted Stubb Creek’s average daily production by 13% to 3,000 barrels.
Cash collections in Nigeria reached US$278 million, up from US$248.5 million in FY 2024, while January 2026 collections alone totalled US$64.4 million, compared with US$20.4 million in January 2024.
Total revenue for the year stood at US$235 million, down from US$258.9 million in 2024. Cash balances as of 31 December 2025 were US$39.5 million, with net debt at US$655.9 million.
Savannah also reported progress on key infrastructure and exploration projects. Site construction for the Uquo NE development well is due for completion this month, with first gas targeted by the end of Q2 2026.
Well site preparation for the Uquo South exploration well is underway, and a new compression system at the Uquo Central Processing Facility was completed 10% under budget. A gas contract extension with Central Horizon Gas Company Limited was secured until December 2026 for up to 10 million standard cubic feet per day.
On renewable energy, Savannah plans to complete its acquisition of interests in three East African hydropower projects by H1 2026.
These include the 255 MW Bujagali power plant and two advanced-stage development projects, potentially extending the company’s reach into Uganda, Burundi, the Democratic Republic of the Congo, Malawi, and Rwanda.
Other ongoing projects include the 250 MW Parc Eolien de la Tarka wind farm in Niger and the 95 MW Bini a Warak hybrid hydroelectric and solar project in Cameroon.
CEO Andrew Knott said: “2025 was a year of execution for Savannah. In Nigeria, we increased cash collections by 12% year-on-year and made significant progress refinancing our debt. Our expansion at Stubb Creek, commissioning of the new Uquo compression system, and advances across power and hydrocarbon projects provide a strong platform for 2026.”
The company also highlighted arbitration claims involving Savannah Chad Inc and Savannah Midstream Investment Limited, expected to conclude in the first half of 2026.
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Savannah Energy continues to pursue value-accretive acquisitions in both the hydrocarbons and power sectors, alongside operational growth in Nigeria and broader Africa.
