UBIMA

Ubima.jpg

Highlights

Discovered: 1963

Gross 2P: 2.4 mmbbl
Gross 2C: 31.1 mmbbl
Location: Onshore 40km North of Port Harcourt, carved out of OML 17
Reservoir Depth: 5,000–9,800ft


In August 2014 the Company acquired a 40% interest in the Ubima Field, onshore Niger Delta.

The licence area is 64.57km2, located onshore in the northern part of Rivers State and has been carved out of OML 17 operated by the Shell Petroleum Development Company.

  • The Ubima Field has 3D seismic coverage (1997) and four wells have been drilled in the field between the 1960s and 1981.
  • Hydrocarbons were encountered in all four wells in multiple stacked reservoirs.
  • In April 2016 AGR TRACS provided a CPR with 2P reserves of 2.4 mmbbl and 2C resources of 31.1 mmbbl.

Ubima and OML 40 reservoirs occur in a similar geological setting and have very comparable sands, seals and traps.

Ubima Field has excellent infrastructure nearby including roads, oil and gas pipelines and an airport. This provides low entry cost for land based operations using conventional technology.

In H2-2017 Eland plans to accelerate the development of Ubima and achieve early production by re-entering, completing and producing from Ubima-1.