Savannah Petroleum says independent expert CGG Robertson (CGG) has compiled a reserve estimate on the R1/R2 licence area in Niger. The CGG report has increased R1/R2 best estimate gross risked prospective oil resources from 573m bbl to 1.191 Bn bbl. “CGG has assessed the size and risk profile of Savannah’s previously announced 14 3D seismic backed drill ready exploration prospects. They have indicated a gross mean unrisked recoverable resource volume on these prospects of 259m bbl versus Savannah’s estimate of 215m bbl,” Savannah said.
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