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Eland gets Nigerian field development plan approval

George Maxwell, Eland chief executive.
George Maxwell, Eland chief executive.

Aberdeenshire-headquartered Eland Oil & Gas has received approval from Nigeria’s petroleum department for its Gbetiokun field development plan.

Eland intends to drill five additional production wells during phase one of the development, followed by the drilling of a further six production wells and a single workover well during phase 2.

The London-listed firm started drilling the Gbetiokun-4 well on July 12.

The well will be completed as a dual string producer on the E3000 and E5000 reservoirs with an estimated initial production rate of between 3,000 and 5,000 bopd.

George Maxwell, CEO of Eland, commented: “We are delighted to have received regulatory approval for the Gbetiokun field development plan from the Department of Petroleum Resources. The approval enables us to progress with our phased development programme of the Gbetiokun field.

“Moreover, we are pleased to have resumed drilling on the Gbetiokun field after the successful remedial work on the OES Teamwork rig. We look forward to updating our shareholders on drilling progress in the near future.”

 

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