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Wednesday, June 14, 2017
Eland Oil & Gas’ JV company in Nigeria, Elcrest Exploration and Production Nigeria, signed a rig contract for drilling on its OML 40 acreage in the Niger Delta. The contract is with OES Energy for the OES Teamwork rig.
The rig will be used for the upcoming sidetrack of the Opuama-7 well, which is expected to contribute an initial production rate of 5,900 bpd. The well should increase near term overall production on OML 40 to around 17,500 bpd gross.
The OES Teamwork swamp rig is currently undergoing preparation, which includes mobilizing rig personnel, system tests and equipment shake down, to target the commencement of the rig move to Opuama-7 location in July 2017.
The rig will drill a sidetrack to around 7,500 ft, expected to take in the region of a month to complete. As part of the contract’s terms, Elcrest has the option to extend the contract for the re-entry of Gbetiokun-1, which it intends to start immediately after Opuama-7 sidetrack.
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