
Wednesday, June 7, 2017
Eland Oil & Gas is now producing from two wells on Nigeria’s Opuama field, following the restart of production from the Opuama-1 well. The company is seeing flow rates of 11.500 bpd from the wells.
In addition, Eland said that its JV company in Nigeria is owed $9.2 million for oil, with $2 million expected to be paid shortly and the outstanding sum no later than the start of July.