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Ubima Overview

Ubima Overview

Eland plans to workover Ubima-1 and initiate an early production system in 2018.

Discovered: 1963

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.