Eland Oil & Gas’ successful workover has boosted production in its West African assets.
The explorer, which focusses on Nigeria, confirmed its Opuama-1 well in the Opuama field is now producing from four strings from two wells. The internvention resulted in an increase in average gross production output to 4,400 bopd.
The number represents a 50% increase.
Chief executive George Maxwell said: “Having stabilised production and uptime on Opuama field earlier in the year, we placed renewed focused on low cost workover potential in the field. It is most welcome that we are starting to see the production increase from this initiative. With further work planned, we have a number of options to continue these production increases prior to commencement of the drilling campaign.
“NNPC, under new management, has again confirmed the position of Elcrest as lead operator of OML 40, pending the review and execution of a new Joint Operating Agreement. We are actively working with NNPC to accelerate this process to complete as soon as possible and continue with the development drilling campaign.”
The Opuama Field has recorded 93% uptime from July to October.
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