Continental Focus, International Reach

Eland Updates Opuama Ops

Monday, August 20, 2018

Eland Oil & Gas updated activities in relation to the Opuama field in Nigeria where its JV subsidiary Elcrest Exploration and Production Nigeria, holds a stake. Elcrest has successfully completed the Opuama-10 well and will be handing over to the Opuama field production team imminently.

Under the regulatory guidelines, the Opuama production team will conduct a Maximum Efficient Rate Test (MER Test), testing the well at increasing choke sizes, following which the company will update the market further when full testing is complete, and production is stabilized.

Initial production from Opuama-10 is expected to be in line with previous guidance, at between 4,000 and 6,000 bpd, with total production from Opuama field expected to be in the range of 28,000 to 30,000 bpd.

Following handover of Opuama-10 to the production team, the JV will move the OES Teamwork rig to Opuama-11, where it is intended to develop the D3500, D4000 and D2000 reservoirs. The Opuama-10 well recorded net pay in these three reservoirs of 168 ft apparent vertical thickness. It is expected that initial gross production from Opuama-11 will be between 4,000 and 6,000 bpd.

Following Opuama-11 and completion of regulatory approvals, the rig will be moved to the Gbetiokun field, where it will re-enter well Gbetiokun-1 and drill well Gbetiokun-3 as part of the initial phase of the field development plan. Dredging operations have already commenced and are currently 50% complete. Dredging will be completed in time for rig mobilization to Gbetiokun.


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