On 9 December 2022 Savannah Energy Chad Limited completed the acquisition of EEPCI. The actions of the Republic of Chad are in direct breach of the Conventions to which SCI and the Republic of Chad are, amongst others, party.
The deal was sealed through the acquisition of Petronas Carigali Nile Limited (PCNL) for a total cash consideration of up to $1.25 billion, subject to certain completion adjustments.
We once again laud President Tinubu for his bold vision and stand ready to collaborate with his administration in its effort to promote greater economic equality and prosperity for all Nigerians.
