Maintenance Activities Completed on Opuama-5 Well, Nigeria

West Africa-focused junior producer Eland Oil & Gas reported Friday that wellhead and Christmas tree maintenance activities have been successfully completed on its Opuama-5 well, onshore Nigeria.

Eland said the well has been reperforated, with the perforation interval increased to 24 feet. Swabbing operations have been completed and oil flowed into a swab barge. Opuama-5 is now being hooked-up to the Opuama flow station facilities and the company said it will update on initial flow rates in due course. Eland added that all indications are positive for the well to achieve gross production of between 400 and 600 barrels of oil per day.

Eland also reported that the Opuama field recorded average production uptime of 81 percent for the first six months of 2015, with production on the field halted for 14 percent of the first half of the year due to planned maintenance and pipeline work. Current Opuama field gross production is averaging more than 2,750 bopd (with 1,238 bopd going to Eland's joint venture company).

Eland added that there have been eight liftings during the period from January 1 to July 31, with 201,771 barrels sold at an average price of $59.43 per barrel. The next lifting – a cargo of 27,000 barrels – is expected to take place this month.

The firm said it had a cash balance of $13.1 million at the end of June.



Have a news tip? Share it with Rigzone!
Email news@rigzone.com

WHAT DO YOU THINK?

Click on the button below to add a comment.
Post a Comment
Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.

Events  SUBSCRIBE TO OUR NEWSLETTER

Our Privacy Pledge
SUBSCRIBE

More from this Author
Rigzone Staff
e-mail us at news@rigzone.com
 -  TRACE Secures INPEX Deal, Creates Jobs (Jun 23)
 -  What Are the Qualifications to Become ... (Jun 23)
 -  SolstadFarstad Emerges After Company M... (Jun 22)
 -  Gas Leak at Gjoa (Jun 22)
 -  Total Energy Services Completes Savann... (Jun 21)


Most Popular Articles

From the Career Center
Jobs that may interest you
Electrical Engineer
Expertise: Electrical Engineering
Location: Denver, CO
 
Senior Piping Designer
Expertise: Piping Engineer
Location: Atlanta, GA
 
Senior Piping Designer
Expertise: Piping Engineer
Location: Atlanta, GA
 
search for more jobs

Brent Crude Oil : $45.22/BBL 0.89%
Light Crude Oil : $42.74/BBL 0.49%
Natural Gas : $2.89/MMBtu 0.00%
Updated in last 24 hours