Petroleum Africa
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Wednesday, February 17, 2016
Eland Oil & Gas came out of 2015 with a strong production performance out of Nigeria’s Opuama field on OML 40. Following the successful workover of Opuama-1 in Q4, production from the field increased by more than 50% to 4,500 bpd, and has remained at these higher levels since.
The company is now turning its attention to two possible low capex and high production workovers on OML 40, the Opuama-3 and the Gbetiokun-1. The Opuama-3 could see a re-entry and workover in the next couple months, while the Gbetiokun-1 could see re-entry, completion and production later this year. The successful completion of these two workover projects are expected to increase production on OML 40 without using a drilling rig.
The company did experience a bit of a disappointment with the workover of the Opuama-5 well as it did not deliver the expected 400-600 bpd of incremental short term production from the E2000 reservoir due to higher than expected water cut. The well was shut in on January 20 and will be utilized as a water disposal well which will result in significantly reduced tariffs and operating expenditure
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