Eland Oil & Gas reports strong production at Opuama

Eland Oil & Gas, the oil & gas production and development company, operating in West Africa with an initial focus on Nigeria, reported strong production performance from the Opuama field, with gross output from all three wells reaching 19,000 barrels of oil per day.

According to Eland, Opuama-7 gross production on a 48/64 choke normalised at 7,500 barrels of oil per day, while drilling of the Opuama-8 infill well by the OES Teamwork Rig was continuing positively.

George Maxwell, CEO of Eland, commented: "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."