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Production of oil & gas in West Africa

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Our assets

A distinct advantage

There is significant development and exploration upside on our two licences, OML 40 and OML 17 (Ubima).

OML 40

  • 22,000 bopd gross from producing field
  • 254.5 mmbbls gross best estimate prospective resources
  • 41.2 mmbbls outstanding upside of partly developed reserve base



  • 13.1mmbbls net contingent resource to Eland
  • 31.1mmbbls gross 2C contingent resources
  • 88% initial production cash flow entitlement
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Ubima Appraisal

Ubima-1 represents Eland’s diversification towards production outside OML 40

View presentation
Learn more about Eland

George Maxwell, CEO and Founder, gives an overview of the Company, and discusses our plans going into 2019

Media Library
Key Performance Indicators

Our 2017 KPIs focussed on the fundamentals of operational success and our team delivered impressive results

Our experience

A strong track record

Experienced management team with over 100 years of in-country experience. Operational senior management based in Nigeria with strong relationships and local knowledge.

About Us
Our production

Maximising capacity

Production is increasing with 22,500 bopd producing from 4 wells.

8,743 (bopd) Average 2017 gross
production (OML 40)
>18.5K (bopd) Exit 2017
gross production
83.4 (mmbbls) Gross OML
40 reserves (2P)
124% 2P Reserves Replacement
$68.9m 2017
$36.7m cash
end 2017
$10bbl opex via Forcados only
excluding royalties
65days Opuama-7 Payback

We continue into 2018 confident in the next phase of our growth.

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Our business

We're focused on building and developing a portfolio of oil & gas assets.

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Investment case

Since flotation in late 2012, Eland has seen considerable growth.

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Our responsibility

Working closely
with local communities

We ensure that local communities benefit and participate in our strategy for growth.

Health & safety

We ensure all our operations are to the highest standards when it comes to H&S.


We do whatever we can to minimise our impact on our local environment.


Working closely with local communities is key to our success and growth.