Savannah Energy Plc has ramped up production at its Stubb Creek asset in Akwa Ibom State to 3,200 barrels of oil per day (bpd), representing a 20 per cent increase compared to the field’s 2024 average output.
The increase follows the company’s acquisition of Sinopec International Petroleum Exploration and Production Company (SIPEC) earlier this year and the commencement of an 18-month expansion programme designed to unlock more value from the field.
Savannah said production levels are expected to rise further, with gross output projected to reach around 4,700 bpd when the expansion is completed.
Andrew Knott, chief executive of Savannah Energy, described the performance of Stubb Creek as a key milestone for the firm’s Nigerian operations.
“Our Stubb Creek asset continues to perform well, with current daily production of 3.2 Kbopd, up 20 percent on the average level for 2024,” Knott said. “We continue to target further increases in Stubb Creek production as we progress the planned expansion programme there.”
The Stubb Creek boost comes at a time when Nigeria is seeking to maintain momentum after meeting the Organisation of Petroleum Exporting Countries (OPEC) production quotas for two consecutive months and increasing government revenues.
Industry analysts say incremental volumes from independents like Savannah play an important role in bridging output gaps left by international oil majors who are divesting onshore and shallow-water assets.
Savannah’s operational update for the first seven months of 2025 shows the company is diversifying its portfolio, with an average gross daily production of 21,000 barrels of oil equivalent per day, 86 per cent of which is gas.
The firm also reported $147.3 million in revenues between January and July, up four per cent from the same period in 2024, while cash collections rose sharply by 37 per cent to $219.2 million.
Beyond Stubb Creek, Savannah is pressing ahead with plans to drill new wells at the Uquo gas field in 2026 and continues to work on debt refinancing initiatives in Nigeria.
