Eland Oil and Gas has termed the progress made so far with the flow rates of its operations at flow rates from its Opauma well as “higher than expected”.
The Nigerian based firm said that progress was being made with both its Opuama-7 and Opuama-8 wells in licence OML 40.
Opuama-7 gross production on a 48/64″ choke has been normalised at 7,500 bbls of oil per day (bopd).
Production performance from the Opuama field is described as “strong”, with gross production from all three wells being 19,000 bopd.
Chief executive of Eland, George Maxwell said: “We are delighted to announce the higher than expected production rates from Opuama-7. This production from Opuama 7 combined with the production from the Opuama-1 and -3 wells has resulted in Opuama recording a record production, the highest in OML 40 history surpassing the previous high in December 1975.
“Our focus on the Opuama-8 infill well and the near-term work programme continues and I look forward positively to updating the market further as we, together with our partner NPDC, achieve more success on the OML 40 license which is becoming one of the largest producing assets of any E&P company on AIM.”
The drilling of the Opuama-8 infill well by the OES Teamwork Rig continues.
The 16″ hole has been drilled to target depth at 3564 ftMD/3390 ftTVD and the 13 3/8″ casing has since been run.
The rig is preparing to drill 12 ¼” hole to target depth.