We create value in two simple ways: we find oil and we sell oil. To achieve this we must execute exploration campaigns, deliver selective development projects, maintain our production and ensure we are suitably financed through a mix of diverse funding options and portfolio management.
Our business model addresses the fundamental areas that we develop to manage our risks and help us deliver our strategy. These areas include: ensuring sustainable operations by protecting our people; high standards of governance coupled with strong and effective risk management; a multidisciplined, diverse and entrepreneurial team; and making a positive and lasting contribution to the communities and environment in which we operate.
Our business model & strategy
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Eland has a world-class asset base in the Niger Delta with numerous near-term appraisal and exploration opportunities. Contingent and prospective resources will be converted into reserves to create shareholder value
Eland was established for the low-cost development of West African upstream assets, utilising the best local expertise and high technical competenceGbetiokun
Increase value through low-cost operations and strongly optimised productionOpuama
Generate strong, regular cash flow through accelerated production and a disciplined allocation of capitalUbima
Selectively acquiring developed and undeveloped upstream assets that match our expected internal returns criteriaUbima
Creating value through continuous investment in our assets, people and relationshipsAnnual Report
Generating high-value returns for shareholders through the continued development and growth of our resource base, as well as through the Company’s capital allocation policyInvestors