Announced
Financials
Tags
Private
petroleum products
Cross Border
Friendly
Integrated Oil and Gas
Cameroon
Pending
Reverse Takeover
Majority
Single Bidder
Chad
Acquisition
Synopsis
Savannah Energy, an independent energy company sustainably developing high quality, high potential energy projects, agreed to acquire assets in Chad and Cameroon from ExxonMobil, an international petroleum and petrochemical company, for $410m. The proposed acquisition would include a 40% operated interest in the Doba Oil Project, and an effective c.40% interest in the Chad-Cameroon oil transportation pipeline.
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