HomeNewsSavannah Energy Acquires Exxon’s 672-Mile Chad-Cameroon Pipeline

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Savannah Energy Acquires Exxon’s 672-Mile Chad-Cameroon Pipeline

12/12/2022

Pipeline and Gas Journal    (Reuters) — Exxon Mobil Corp. on Friday closed a $407 million sale of its operations in Central Africa's Chad and Cameroon to London-listed firm Savannah Energy Plc. The deal will see the British firm will take over Exxon's 40% indirect interest in the Chad-Cameroon export transportation system — a 1,081-km (672-mile) pipeline and floating storage and offloading facility offshore in Cameroon. Savannah has operated in Nigeria and Niger. Exxon has been exiting African operations with declining crude oil production to focus on its massive LNG project in Mozambique and on more lucrative operations in the Americas. It recently retired a platform in Equatorial Gui

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