Savannah Energy PLC, the African-focused British independent energy company, is in advanced exclusive talks with ExxonMobil to acquire its upstream and midstream asset portfolio in Chad and Cameroon, according to a press release.

Savannah Energy is proposing to buy a 40% operated interest in the Doba oil project in Chad, and a 40% interest in the Chad-Cameroon oil transportation pipeline. Per the statement, the Doba oil project produced gross 33,700 barrels of oil per day (bbl/d) on average, while the Chad-Cameroon pipeline transported a gross of 129,200 bbl/d in 2020.

The company did not provide any further information or disclosed any financial terms.