http://signaloil.wpengine.com/wp-content/uploads/2015/10/Signal-Oil-logo-red-300x32.png 0 0 RSS FEED http://signaloil.wpengine.com/wp-content/uploads/2015/10/Signal-Oil-logo-red-300x32.png RSS FEED2018-08-09 03:07:142018-08-09 03:07:14Savannah Petroleum, Republic Of Niger Ink Memorandum Of Understanding
Savannah Petroleum, Republic Of Niger Ink Memorandum Of Understanding
Savannah Petroleum’s subsidiary Savannah Niger has signed a legally binding memorandum of understanding (MOU) with the Republic of Niger, the company said on Aug. 8.
The MOU affirms both parties’ commitment to the realization of a proposed early production scheme (EPS) utilizing crude oil resources associated with Savannah’s recent discoveries in the R3 portion of the R3/R4 production-sharing contract area in the Agadem Rift Basin (ARB) of South East Niger. The MOU further binds both parties to work together towards the realization of the EPS and contains specific provisions relating to the actions each party undertakes to conduct as well as setting out the key timelines associated with the project.