Eland: Opuama-3 Well Hits 150,000 Barrel Mark

Eland Oil & Gas plc announced Tuesday that the Opuama-3 well in Nigeria’s OML 40 license has produced over 150,000 barrels of oil since the company’s last update on Jan. 31.

In addition, the company announced the implementation of crude export from the Opuama field through shipping continues to ramp up successfully. The first shuttle vessel arrived at the terminal last week and injected around 39,000 barrels of crude, Eland said.

"We have designed and engineered a unique and dedicated alternative export route via shipping due to the prolonged shut-in at Forcados Terminal,” George Maxwell, CEO of Eland, said.

“This has involved significant capital and operational challenges and it is of enormous credit to our staff and all our partners that we are able to report that we have completed a full export cycle with one vessel,” he added.



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