Eland Oil & Gas PLC, an oil & fuel manufacturing and growth firm working in West Africa with an preliminary deal with Nigeria, is happy to announce the next replace on the Opuama-Eight effectively in licence OML 40.
Opuama-Eight preliminary gross manufacturing has been recorded at over 6,200 bbls of oil per day (bopd) and on the higher half of the Company’s beforehand anticipated manufacturing vary. Production efficiency from Opuama discipline is powerful, with gross manufacturing from all 4 wells being circa 22,000 bopd.
Testing and manufacturing of the three reservoirs penetrated by effectively Opuama-Eight continues. The deepest of the reservoirs examined, the D5000, flowed at three,250 bopd whereas the shallowest examined, the D3500, flowed at 2,980 bopd. Testing of the third reservoir, the D4000, will start shortly. The check charges are encouraging and inside expectation.
The drilling of the Opuama-9 infill effectively by the OES Teamwork Rig continues, though there have been some delays as a result of mechanical points with the rig. The swamp rig has begun to drill the 12 ¼” gap with present depth 6,016 ft to a focused vertical depth of 9,033 ft. Completion and Production from Opuama-9 is predicted inside Q1.
George Maxwell, CEO of Eland, commented:
“We are delighted to announce an extra vital enhance in Opuama manufacturing from the profitable completion and check of the Opuama-Eight infill effectively. Adding the incremental movement charges from this extremely productive effectively has as soon as once more pushed Opuama discipline to the very best recorded ranges in its historical past.
Our deal with the Opuama-9 infill effectively and the near-term work programme continues and I look ahead positively to updating the market additional as Elcrest, along with our companion NPDC, obtain extra success on the OML 40 license which is changing into one of many largest producing belongings of any E&P firm on AIM.”
The OML 40 licence lies throughout the Niger Delta, roughly 75km northwest of Warri and covers an space of 498km2 . The OML 40 space produces mild oil with low GOR and has a really sturdy aquifer drive leading to excessive final recoveries. OML 40 has gross 2P oil reserves of 83.2 mmbbl discovered within the Opuama and Gbetiokun fields. Gross manufacturing from OML 40’s producing discipline, Opuama, is round 19,000 bopd (November 2017). (Source and picture: Eland/OES Teamwork swamp rig in OML 40, Nigeria)
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