Gross 2P: 2.4 mmbbls
Gross 2C: 31.1 mmbbls
Location: Onshore 40km North of Port Harcourt, carved out of OML 17
Reservoir Depth: 5,000–9,800ft
The Ubima-1 re-entry well is the first to be worked on in the licence by Eland and its partner. A dual string completion is planned for the well, which will target oil within four reservoirs, namely the D1000, E1000, E2000 and F7000.
- 40% interest held since August 2014
- 88% initial production cash flow entitlement
- 13.1 mmbbls net contingent resource to Eland*
- 31.1 mmbbls gross 2C contingent resources*
*Source: Independent Report by AGR TRACS April 2016.