R3 East is a conventional oil development located onshore Niger and is operated by Savannah Energy. According to GlobalData, who tracks more than 34,000 active and developing oil and gas fields worldwide, R3 East was discovered in 2018, lies in block R1/R2/R3/R4. Buy the profile here.
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The project is currently in construction stage and is expected to start commercial production in 2025. The development cost is expected to be $393 m.
Field participation details
The field is owned by Savannah Energy.
Production from R3 East
Production from the R3 East conventional oil development project is expected to begin in 2025 and is forecast to peak in 2029, Based on economic assumptions, the production will continue until the field reaches its economic limit in 2045.
About Savannah Energy
Savannah Energy PLC (Savannah Energy) is an independent energy company. It explores, appraises, develops and produces conventional oil deposits. The company's main activities include hydrocarbon operations and the development of renewable energy projects. Savannah Energy operates its assets in Nigeria, Niger and Cameroon. It operates principal assets in the R1/R2 and R3/R4 PSC areas of the Agadem Rift Basin in South East Niger. The company's oil and gas field assets in Nigeria include Uquo and Stubb Creek and the Accugas. It has operations in the UK, Nigeria, the Netherlands, France, Jersey and the British Virgin Islands. Savannah Energy is headquartered in London, England, the UK.
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This information is drawn from GlobalData’s Oil & Gas Intelligence Center, which provides detailed profiles of 34,000+ oil and gas fields, 400,000+ exploration blocks, 1,100+ LNG terminals, 3,400+ gas processing plants, 5,000+ storage terminals, and 8,000+ pipelines, 1,400+ refineries and 13,000+ petrochemical plants worldwide.
