Chief Executive of West Africa-focused oil and gas group Savannah Petroleum, Andrew Knott said on Monday that the firm is looking to buy assets in bilateral deals in Nigeria that are producing or can easily be put into production, Reuters reports.

It already produces around 20,000 barrels of oil equivalent – mainly gas – per day (boe/d) in Nigeria after it bought Seven Energy’s onshore fields last year, including proven and probable reserves of 92 million boe, and a 200 million standard cubic feet per day gas plant and 260 km (160 miles) of pipelines.

A variety of onshore assets in Nigeria are up for grabs, with oil major Shell still divesting and the government also planning a fresh licensing round for inland basins. Sources said that some indigenous companies are looking to offload assets that they purchased when oil prices were high, but do not currently have the cash to develop.