Through its joint venture company Elcrest, Eland’s core asset is OML 40 in the Northwest Niger Delta. Eland also has a 40% interest in the Ubima field, located onshore Niger Delta just north of Port Harcourt.
Total reported gross production from the Opuama field in OML 40 achieved a new record production of 25,000 barrels of oil per day in July 2018.
Ubima-1 represents Eland’s diversification towards production outside OML 40. Eland announced the commencement of the appraisal of Ubima field in July 2018.