Savannah Energy and PETRONAS Exploration and Production have agreed to terminate the Share Purchase Agreement for the acquisition of upstream and midstream asset portfolio in Chad and Cameroon with immediate effect.
On 13 December 2021, Savannah announced that it had entered into a Share Purchase Agreement (“SPA”) with PETRONAS (E&P) Overseas Ventures SDN. BHD. (“PETRONAS”) to acquire PETRONAS’ upstream and midstream asset portfolio in Chad and Cameroon.
The company said in a statement on Wednesday that the completion of the proposed acquisition remained subject to satisfaction of certain conditions precedent which have not yet been satisfied
1501100cookie-checkSavannah Energy Stops SPA For PETRONAS’ Chad, Cameroon Portfolio
