Seplat fell to a loss in the first half of the year as oil prices roughly halved, from $65.16 per barrel in the first half of 2019 to $35.94.
Seplat Petroleum’s production slipped during the first nine months of 2019 versus the same period in 2018, although profit increased substantially.
Eland Oil & Gas is beginning to reap the rewards of its second field in Nigeria’s Oil Mining Licence (OML) 40 starting up, allowing it to move into exploration plans.
Aberdeenshire-headquartered Eland Oil & Gas has received approval from Nigeria's petroleum department for its Gbetiokun field development plan.
Aberdeenshire-based Eland Oil and Gas said today that its latest well in Nigeria was capable of beating initial estimates.
Eland Oil & Gas has successfully completed sidetrack drilling at Opuama-7 in Nigeria.
Eland Oil and Gas confirmed today that work on a sidetrack well had begun on its core asset in Nigeria.
Eland Oil & Gas has named a former Baker Hughes director as its new chief financial officer.
Eland Oil & Gas has signed a rig deal with OES Energy Services for its Nigeria campaign.
Aberdeen based Eland Oil and Gas has re-started production from one of its Nigerian assets.
Aberdeen based independent oil and gas company Eland has produced more than 150,000 barrels of oil equivalent (boe) so far this month from its West African well.
North-east company Eland Oil and Gas said yesterday it had reduced first half losses after operational cost-cutting and exchange rate gains.
Eland Oil and Gas, the West African-focused producer, is continuing to achieve good performance from its Opuama field in Nigeria.
Aberdeenshire-based Eland Oil and Gas, a production, development and exploration company operating in west Africa, with a principal focus on Nigeria, said today it was benefiting from a share of 3,100 barrels of oil per day from the Opuama field. Total output from the Nigerian asset includes 1,395 barrels a day for Eland's joint-venture, Elcrest Exploration and Production.