Eland cranks up output from Nigerian field with new well

Eland Oil and Gas chief executive George Maxwell
Eland Oil and Gas chief executive George Maxwell

Eland Oil and Gas said today that its Opuama-8 well has been drilled in Nigeria.

Initial production from Opuama-8 will be between 5,000 and 7,000 barrels of oil per day, according to Eland, which has a base in Westhill, Aberdeenshire.

The OES Teamwork Rig has now moved onto the Opuama-9 drill site.

Drilling is expected to be completed in February, with first oil from Opuama-9 of between 4,000 and 6,000 barrels per day expected in the first quarter of 2018.

Production performance from the Opuama-1, -3 and -7 wells is about 18,000 barrels per day.

Eland chief executive George Maxwell said: “We are pleased with the successful drilling and completion of the Opuama-8 well and we look forward to confirming stabilised production rates in due course. The success of Opuama-8 will result in increased production and cash generation from OML 40.

“Our drilling programme will continue beyond Opuama-9, where our continued investment will further enhance both production and cash flow levels.”