#Country Updates #News #Niger #Nigeria #Upstream Oil & Gas News

Savannah Energy announces FY 2020 trading update and guidance for FY 2021

Savannah Energy announces FY 2020 trading update and guidance for FY 2021

Savannah Energy, the African-focused British independent energy company sustainably developing high quality, high potential energy projects in Nigeria and Niger, has announced a trading update for the full year 202Savannah Energy announces FY 2020 trading update and guidance for FY 20210 and guidance for the full year 2021.

Andrew Knott, CEO of Savannah Energy, said:  

‘As this FY 2020 trading update demonstrates, despite the challenging headwinds, 2020 was a milestone year for Savannah Energy. It was our first full year of operating the high margin assets we acquired in Nigeria and I am delighted to report that we have significantly exceeded all of the original financial guidance we presented to the market this year, as laid out in our corporate Key Performance Indicator statement published within our FY 2019 Annual Report. In 2020 we grew revenues, reduced our underlying cost base and continued to provide gas contributing to over 10% of Nigeria’s daily national average power generation, highlighting the resilience of the business.

Click on the link below for full report

Source: EnergyPedia

Leave a comment

Your email address will not be published. Required fields are marked *