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Eland Oil & Gas expects Opuama-9 well to top production guidance

After hitting two reservoirs, the Opuama-9 well is now being deepened for an appraisal target
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The Opuama-9 well programme is due to complete this month

Nigeria-focused Eland Oil & Gas PLC (LON:ELA) told investors that the Opuama-9 well, at the OML 40 asset, is expected to perform at the high-end of prior guidance – which was pitched at 4,000 to 6,000 barrels per day gross.

The well was initially drilled down to a depth of 9,000 feet, it encountered two reservoirs (D1000 and D2000) with 28 feet and 35 feet of net pay respectively, and it is now being deepened further to appraise the E2000 reservoir.

It aims to appraise the oil-water contact point in E2000 to aid planning for future horizontal drilling.

READ: Eland Oil & Gas reveals reserves based lending boost

Eland expects to complete the Opuama-9 well by the end of May.

"We are again very encouraged by the subsurface results we are seeing from another Opuama infill well,” said George Maxwell, Eland chief executive.

“Log results lead us to believe that our short-term target of over 30,000 barrels of oil per day from the Opuama field is very achievable, especially as the Opuama-10 infill well will be drilled shortly after the completion of Opuama-9.”

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