assets in the country, saying the final terms of the deal were substantially different from what had been presented to it a year ago.of its operations in Central African countries Chad and Cameroon to London-listed Savannah on Friday.
A statement from Savannah Energy said that its acquisition of ExxonMobil’s interest in the Doba fields and the TOTCO Pipeline "was conducted in full conformity with the requirements of the governing documents and the applicable law".Malaysia's state energy firm Petronas shared ownership of the assets with Exxon and Savannah Energy had initially struck a deal to buy its stakes in the operation.
On Friday, Savannah said the Exxon deal included the U.S. company's 40% stake in Chad's Doba oil project, which comprises seven producing oilfields with combined output of 28,000 barrels per day .