We seek to realise sustainable economic value for stakeholders through the successful delivery of material energy projects in Africa. Our business model1 is underpinned by our entrepreneurial culture and supported by our commitment to the highest standards of behaviour.
Our resources and relationships
Institutional Investors
57%
Top 10 institutional investors hold 57% of total shares outstanding1
Lenders
US$645.8m
Total debt being provided by a group of 10 lenders, plus a listed bond
Assets2
US$1.8bn
Total Savannah assets
People3
277
Employees in the Savannah Group
Hydrocarbons Business Model4
Renewable energy Business Model4
The value we create for our stakeholders
1 JP Morgan shareholder analysis 28 April 2023.
2 This figure includes the assets in Chad as at 31 December 2022. On 9 December 2022, Savannah’s wholly owned subsidiary, Savannah Energy Chad Limited, completed the acquisition of Savannah Chad Inc. (“SCI”, the former Esso Exploration and Production Chad, Inc.) and Savannah Midstream Investment Limited (“SMIL”, the former Esso Pipeline Investments Limited). On 31 March 2023, the Republic of Chad nationalised SCI’s upstream production assets in Chad and SMIL’s c. 40% interest in TOTCo.
3 This figure includes Savannah employees as at 31 December 2022 in Cameroon, France, Niger, Nigeria and the United Kingdom.
4 This section discusses the principal aspects of the business model we expect to follow, based upon the typical lifecycle of oil and gas and renewable energy projects. This discussion is provided for illustrative purposes only and it should be noted that Savannah is not participating in projects at every stage of the respective project life cycles as at the date of publication.
5 Includes investment in Nigeria during the period pre-acquisition of the Nigerian assets by Savannah.
6 Where payments to government refer to the period 2014–2022 they include payments to Nigeria during the period pre-acquisition of the Nigerian assets by Savannah
(d) Total contributions to Nigeria and Niger defined as payments to governments, employee salaries and payments to local suppliers and contractors. Where total contributions refer to the period 2014–2022 they include contributions to Nigeria during the period pre-acquisition of the Nigerian assets by Savannah..