{"id":13001,"date":"2022-12-19T13:29:03","date_gmt":"2022-12-19T13:29:03","guid":{"rendered":"https:\/\/www.oilnewskenya.com\/?p=13001"},"modified":"2022-12-19T13:29:03","modified_gmt":"2022-12-19T13:29:03","slug":"south-sudan-klg-advises-savannah-energy-on-1-25b-acquisition-of-petronas-oil-gas-business","status":"publish","type":"post","link":"https:\/\/www.oilnewskenya.com\/index.php\/south-sudan-klg-advises-savannah-energy-on-1-25b-acquisition-of-petronas-oil-gas-business\/","title":{"rendered":"SOUTH SUDAN: KLG Advises Savannah Energy on $1.25B Acquisition of Petronas Oil & Gas Business"},"content":{"rendered":"

Kirk Lovegrove & Company has advised Savannah Energy PLC on the acquisition of PETRONAS\u2019s entire oil and gas business in South Sudan for a total cash consideration of up to US$1.25 billion.<\/p>\n

Completion of the Transaction would result in Savannah acquiring PETRONAS\u2019s interests in three Joint Operating Companies which operate Blocks 3\/7 (40% Savannah net working interest (\u201cWI\u201d)), Blocks 1\/2\/4 (30% WI) and Block 5A (67.9% WI), in South Sudan, comprising 64 producing fields with 2021 average gross oil production of 153,000 barrels per day.<\/p>\n

Subject to completion, Savannah\u2019s partners in these assets will include CNPC, Sinopec, ONGC and Nilepet, the national oil company of South Sudan. Completion of the transaction is conditional upon, inter alia, government approval, the approval of Savannah\u2019s shareholders and re-admission of Savannah\u2019s shares to trading on AIM.<\/p>\n","protected":false},"excerpt":{"rendered":"

Kirk Lovegrove & Company has advised Savannah Energy PLC on the acquisition of PETRONAS\u2019s entire oil and gas business in South Sudan for a total cash consideration of up to … Read More<\/a><\/p>\n","protected":false},"author":24,"featured_media":13002,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[7442,7443,11],"tags":[3829,10920,10919,479,10918,5908,1911,2024,8039,2317],"class_list":["post-13001","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-countries","category-eastern-africa","category-top-news","tag-block-5a","tag-blocks-1-2-4","tag-blocks-3-7","tag-cnpc","tag-kirk-lovegrove-company","tag-nilepet","tag-ongc","tag-petronas","tag-savannah-energy","tag-sinopec","entry"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2022\/12\/DPOC-South-Sudan-image.webp?fit=800%2C632&ssl=1","jetpack_shortlink":"https:\/\/wp.me\/p5JWkQ-3nH","jetpack-related-posts":[{"id":12948,"url":"https:\/\/www.oilnewskenya.com\/index.php\/south-sudan-petronas-to-acquire-savannah-energys-entire-oil-and-gas-business-for-up-to-us1-25-billion\/","url_meta":{"origin":13001,"position":0},"title":"SOUTH SUDAN: PETRONAS to acquire Savannah Energy’s Entire Oil and Gas Business for up to US$1.25 billion","author":"","date":"December 13, 2022","format":false,"excerpt":"Savannah Energy PLC has announced that it has entered into a Share Purchase Agreement (SPA) with PETRONAS International Corporation Limited to acquire PETRONAS'\u00a0entire oil and gas business in South Sudan through the acquisition of Petronas Carigali Nile Limited, for a total cash consideration of up to US$1.25 billion, subject to\u2026","rel":"","context":"In "Countries"","block_context":{"text":"Countries","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/countries\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2020\/09\/South-Sudan-Toors-oil-Field.jpg?fit=919%2C617&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2020\/09\/South-Sudan-Toors-oil-Field.jpg?fit=919%2C617&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2020\/09\/South-Sudan-Toors-oil-Field.jpg?fit=919%2C617&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2020\/09\/South-Sudan-Toors-oil-Field.jpg?fit=919%2C617&ssl=1&resize=700%2C400 2x"},"classes":[]},{"id":14530,"url":"https:\/\/www.oilnewskenya.com\/index.php\/south-sudan-wildcat-petroleum-signs-mou-with-nile-petroleum-corporation\/","url_meta":{"origin":13001,"position":1},"title":"SOUTH SUDAN: Wildcat Petroleum Signs MOU with Nile Petroleum Corporation","author":"","date":"September 17, 2024","format":false,"excerpt":"Wildcat Petroleum has announced it has entered into a Memorandum of Understanding (MOU) with Nile Petroleum Corporation (Nilepet), the National Oil and Gas Corporation of South Sudan, to collaborate together for acquiring the assets held by Petronas Carigali Nile Limited (PCNL), a subsidiary of Petronas Nasional Berhad (together PETRONAS), in\u2026","rel":"","context":"In "Countries"","block_context":{"text":"Countries","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/countries\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2024\/01\/Wildcat_Logo.png?fit=400%2C505&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":10474,"url":"https:\/\/www.oilnewskenya.com\/index.php\/south-sudan-spocs-block-5a-recommences-oil-production\/","url_meta":{"origin":13001,"position":2},"title":"SOUTH SUDAN: SPOC’s Block 5A Recommences Oil Production","author":"","date":"June 23, 2021","format":false,"excerpt":"Production in South Sudan\u2019s Block 5A \u2013 operated by Sudd Petroleum Operating Company (SPOC) \u2013 has resumed from the Tharjiath Central Processing Facility into the Tharjiath - WNPOC Heglic Control Centre pipeline after seven years of production shutdown due to civil war. SPOC will unpack its production resumption journey at\u2026","rel":"","context":"In "Countries"","block_context":{"text":"Countries","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/countries\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":4170,"url":"https:\/\/www.oilnewskenya.com\/index.php\/ongc-videsh-to-sponsor-students-from-south-sudan-to-indian-universities\/","url_meta":{"origin":13001,"position":3},"title":"ONGC Videsh to sponsor students from South Sudan to Indian universities","author":"","date":"December 8, 2015","format":false,"excerpt":"ONGC Videsh has offered to sponsor 20 students from South Sudan for the graduate level technical course in Petroleum Engineering in reputed institutes in India. Under this program, the first batch of five students was enrolled in the BSc (Petroleum Operations) course in the University of Petroleum & Energy Studies\u2026","rel":"","context":"In "Elsewhere in Africa"","block_context":{"text":"Elsewhere in Africa","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/elsewhere-in-africa\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2015\/12\/ONGC-south-sudan.jpg?fit=1200%2C678&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2015\/12\/ONGC-south-sudan.jpg?fit=1200%2C678&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2015\/12\/ONGC-south-sudan.jpg?fit=1200%2C678&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2015\/12\/ONGC-south-sudan.jpg?fit=1200%2C678&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2015\/12\/ONGC-south-sudan.jpg?fit=1200%2C678&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":7757,"url":"https:\/\/www.oilnewskenya.com\/index.php\/new-cnpc-discovery-confirms-south-sudans-immense-oil-potential\/","url_meta":{"origin":13001,"position":4},"title":"New CNPC Discovery Confirms South Sudan\u2019s Immense Oil Potential","author":"","date":"August 29, 2019","format":false,"excerpt":"While the country sits on over 3.5bn of proven oil reserves, the third largest in sub-Saharan Africa, 70% of its territory remains under-explored. 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Azhan Ali discussed ways to develop oil cooperation between Sudan and Petronas Company in Sudan. he meeting touched on the work of Petronas in Sudan, which is one of the large international companies that worked\u2026","rel":"","context":"In "Countries"","block_context":{"text":"Countries","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/countries\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2020\/10\/Sudan-Petronas.jpg?fit=1080%2C578&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2020\/10\/Sudan-Petronas.jpg?fit=1080%2C578&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2020\/10\/Sudan-Petronas.jpg?fit=1080%2C578&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2020\/10\/Sudan-Petronas.jpg?fit=1080%2C578&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2020\/10\/Sudan-Petronas.jpg?fit=1080%2C578&ssl=1&resize=1050%2C600 3x"},"classes":[]}],"jetpack_sharing_enabled":true,"jetpack_likes_enabled":true,"_links":{"self":[{"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts\/13001","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/users\/24"}],"replies":[{"embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/comments?post=13001"}],"version-history":[{"count":1,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts\/13001\/revisions"}],"predecessor-version":[{"id":13003,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts\/13001\/revisions\/13003"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/media\/13002"}],"wp:attachment":[{"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/media?parent=13001"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/categories?post=13001"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/tags?post=13001"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}