Savannah Energy

As #COP29 concludes today, it is a timely moment to reflect on energy poverty in Africa and Savannah’s role in helping to support the continent's energy transition.  In addition to the energy initiatives launched by the COP29 presidency to further energy transition, the spotlight was also cast on the issue of energy poverty. As highlighted by the African Energy Commission of the African Union at COP29, over 83% of people in Sub-Saharan Africa still rely on traditional biomass fuels, leading to severe health, environmental, and economic repercussions. Africa is home to 18% of humanity but only 56% of her people are estimated to have access to grid connected electricity.   Access to energy is essential for economic development and human progress and is positively correlated with many other key human development metrics, including those associated with educational attainment, life expectancy and quality of life. Energy is a critical enabler of human activity.   At Savannah, our purpose it to meaningfully contribute to the economic development of the countries in which we operate in Africa through the development of businesses and projects that make a material difference to those countries. Energy poverty in Africa is the principal problem we are seeking to help solve which underpins our hydrocarbon AND renewable energy strategy. We firmly believe that Africa needs both if it is to be given the opportunity to grow.   As we support the energy transition in Africa, our gas is enabling approximately 20% of Nigeria’s thermal power generation capacity, while our growing Renewable Energy Division aims to deliver utility-scale renewable energy projects across Africa, generating clean, competitively priced energy for millions of households. We are targeting up to 1 GW+ of renewable energy projects in motion by end 2024 and up to 2 GW+ by end 2026.     Discover how Savannah is driving change and helping to make a significant impact on Africa's energy landscape in our 2023 Annual Report: https://bit.ly/47UPbqE 

Today is Africa Industrialisation Day! This year, the United Nations calls on Africa to harness the transformative potential of technology and drive inclusive and environmentally conscious development and economic growth.   Access to energy is essential for economic development and human progress, with a strong correlation between GDP per capita and power consumption per capita. It is almost impossible for a country to meaningfully develop without access to power. Africa is home to 18% of humanity but only 56% of her people are estimated to have access to grid connected electricity. In Sub-Saharan Africa annual electricity consumption per person is estimated to be less than that consumed by a standard US household fridge and only 8% of what an average UK citizen is estimated to consume per year. At Savannah, our purpose it to meaningfully contribute to the economic development of the countries in which we operate in Africa through the development of businesses and projects that make a material difference to those countries. Energy poverty in Africa is the principal problem we are seeking to help solve which underpins our hydrocarbon AND renewable energy strategy. We firmly believe that Africa needs both if it is to be given the opportunity to grow. As we navigate the energy transition in Africa, our gas is enabling approximately 20% of Nigeria’s thermal power generation capacity, while our growing Renewable Energy Division aims to deliver utility-scale renewable energy projects across Africa, generating clean, competitively priced energy for millions of households. This approach is underpinned by Pillar 1 of our sustainability strategy, “Promoting Socio-economic Prosperity”, aligned with nine of our chosen United Nations Development Goals. Learn more about how we are delivering Projects that Matters in Africa in our 2023 Annual Report: https://bit.ly/47UPbqE #AfricaIndustrializationDay #savannahenergy #renewableenergy #sustainableenergy #SAVE #Accugas #Accugaslimited

Pade Durotoye, Managing Director, Savannah, Nigeria, was a speaker at the 42nd Nigerian Association of Petroleum Explorationists (“NAPE”) Annual International Conference & Exhibition 2024 held in Lagos, Nigeria. Durotoye was on the panel to discuss the theme: “Changing Dynamics in Nigeria's Integrated Energy Sector: Impact on Sustainable Production and National Growth,” where he spoke about the challenges hindering gas development for the domestic market. He advocated increased investment in domestic gas development especially in non-associated gas. According to Durotoye: “The clock has yet to start on Non-Associated Gas (“NAG”) development. There is inadequate emphasis on advancing NAG development. Development projects with a domestic supply focus remain challenged. Without payment guarantees, the market has little chance of developing. And without developing the sector, we will be in trouble because domestic gas utilisation will be impacted.     He mentioned Savannah’s investment in domestic gas supply through its Accugas midstream subsidiary, which supplies gas enabling approximately 20% of Nigeria’s thermal power generation capacity, as an example of the kind of investment that Nigeria needs to meet its domestic gas supply target. #Savannah #AccugasLimited #NAPE2024 #NAPEAICE_42

#Savannah Celebrates International Men’s Day! Today, we recognise the positive contributions of men to society, their families, and communities. We appreciate the diverse roles they play as fathers, brothers, uncles, teachers, mentors, and friends who inspire, uplift, and lead by example. These positive role models shape our communities and empower future generations. This day also highlights the importance of men’s health and well-being, encouraging open conversations about these issues and to seek help if needed. Together, we can make everyone feel valued and supported. Savannah proudly supports this year’s theme of “Positive Role Models,” aligning with Pillar 3 of our sustainability strategy, “Supporting and Developing Our People”. We are committed to fostering equal opportunities, cultivating a winning and inclusive culture and positioning our employees for success. We are committed to the professional development of our people offering avenues for skill enhancement, mentorship and career progression. This initiative is part of Pillar 3 of our sustainability strategy, “Supporting and Developing Our People,” and aligns with the United Nations Sustainable Development Goals 4 (Quality Education) and 8 (Decent Work and Economic Growth). Let’s celebrate the men who make a difference! #internationalmensday #menshealth #positiverolemodels 

Nigeria’s leading ThisDay newspaper has published an article which reviews Savannah’s H1 2024 performance, highlighting plans to consolidate our interests in the Stubb Creek oil and gas field, complete the US$45 million gas compression project at our Uquo Central Processing Facility and expand our renewable energy business across Africa. ThisDay commented: “Savannah Energy Plc, the British independent energy company focused around the delivery of Projects that Matter, continues its growth trajectory in Africa as it posted another healthy financial and operational performance for the half year (H1) ended June 30, 2024.    According to the unaudited H1 report, average daily production in Nigeria rose three per cent to 24.4 Kboepd, where its midstream subsidiary, Accugas Limited, supplies gas enabling 20 per cent of the country’s thermal power generation capacity. The company also highlighted progress around its ambitions for its renewable energy division across Africa.” Read the article in ThisDay here: https://bit.ly/3Cqca10 

In line with the second pillar of our sustainability strategy “Ensuring Safe and Secure Operations”, we have placed a substantial focus on enhancing Savannah’s operational safety through our training methodologies, combining the identification of specific training needs with the integration of external resources. This initiative is designed to elevate the skill set of our workforce, ensuring a well-prepared and safety-conscious team, and is in line with our chosen Pillar 2 United Nation’s Sustainable Development Goals 3 – Good Health and Well-being and 8 – Decent Work and Economic Growth.  In 2023, our people completed 4,988 health, safety and environment training hours, an almost five-fold increase over 2022, and earlier this year we introduced this as a new reporting metric going forward within our suite of annual sustainability reporting metrics.    Learn more about our efforts to strengthen our HSE&S culture in our 2023 Annual Report: https://bit.ly/47UPbqE 

Savannah was delighted to sponsor the reception to celebrate the 76th Birthday of His Majesty King Charles III on 6 November 2024 in Abuja, Nigeria. The #KBPNG24, with the theme #JollofandTea, was hosted by Richard Montgomery, the British High Commissioner to Nigeria. The High Commissioner spoke about the cordial cultural, diplomatic and trade relations between the UK and Nigeria, and commended Savannah for supporting the event.  #KBPNG24 #JollofandTea #SavannahEnergy #SAVE #AccugasLimited 

#Savannah is delighted to announce three wins at the Annual CFA Awards held last night at the Park Plaza Hotel in London! We are proud to have won a Silver Award for Best Corporate Website - AIM, recognising Savannah’s new corporate website launched earlier this year as a vital resource for our stakeholders, including analysts, investors, and the media, and acknowledging its ease of access and navigation, as well as its responsive design. In addition, Savannah was honoured with a Silver Award for Best Online CSR or ESG Report. This accolade recognised our 2023 Sustainability Review as effectively communicating our commitment to CSR and ESG principles and demonstrating how we engage and influence our stakeholders, as well as showcasing the accessibility of key metrics and the alignment between our initiatives, business strategy, and their impact. Lastly, we received a Highly Commended Award for our 2023 Annual Report in recognition that it effectively narrates Savannah’s corporate story and ensures that key information is easily accessible to our stakeholders. We are very proud to be honoured by the Corporate & Financial Awards 2024 and would like to extend our heartfelt thanks to our dedicated internal teams and our design partners at Design Portfolio for their collaboration in achieving this success. Explore our corporate website here https://bit.ly/3bpeYhM, read our online Sustainability Review here https://bit.ly/3Z4q1TC, and check out our 2023 Annual Report here. https://bit.ly/3XKDKhD #CFAwards

#Savannah was delighted to sponsor the 23rd Annual Conference of Women in Management, Business and Public Service (“WIMBIZ”) which was held on 7 and 8 November 2024 at Eko Hotel & Suites, Victoria Island, Lagos, Nigeria. The WIMBIZ annual conference is organised by @Wimbiz, a non-profit organisation dedicated to promoting and supporting women in leadership roles. WIMBIZ partners with leading domestic and international organisations to deliver impactful programmes that help women to excel in their careers and businesses. Omowunmi Akingbohungbe, Executive Director, @Wimbiz, thanked Savannah for supporting the conference, saying: “Your sponsorship was pivotal to the planning and implementing of the conference, aimed at inspiring women and allowing them to engage and network. Thank you for supporting WIMBIZ to continue to inspire and empower women to contribute their quota to nation-building.” #Savannah #AccugasLimited #WIMBIZ23rdAnnualConference Our collaboration with @Wimbiz is in line with the third pillar of our sustainability strategy: “Supporting and Developing our People", aligned to our chosen United Nation’s Sustainable Development Goals 4 – Quality Education, and 8 – Decent Work and Economic Growth. To this end, we are proud to have women leading the way in 33% of Savannah’s senior management positions across the business in Nigeria, Niger and the UK. Francesca Enase (GTML™, Chartered MCIPD, ACIPM) Patience E. Wandoo Ihyembe-Hassan Justina Otedoh Chidiadi Mgbemena

We are delighted to announce that we are hiring a Business Development Associate in Victoria Island, Lagos, Nigeria! If you are passionate about driving growth, building relationships, and making an impact, we want to hear from you! Please follow the link to read the full job description with details on how to apply. https://bit.ly/3YWRQgx #SavannahEnergy #Accugas