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Our Operations

Our Operations

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.

OML 40

Opuama-7 side track.PNG

OML 40 has gross 2P oil reserves of 83.4 mmbbls found in the Opuama and Gbetiokun fields. It has a significant, only partly developed reserve base with outstanding upside of  40.4mmbbls gross 2C resources and 254.5 mmbbls gross best estimate prospective resources*.

Gross production from OML 40’s producing field, Opuama, was around 22,000 bopd in February 2018.

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Ubima

Eland has a 40% interest in the Ubima Field licence. The area covers 65km2 and was carved out of OML 17, which itself is operated by Shell Petroleum Development Company. Eland plans to workover Ubima-1 and initiate an early production system in 2018.

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