Petro Matad gets drilling extension in Mongolia

First oil from Gbetiokun field

Aug 01, 2019
2 min read
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Eland Oil & Gas has announced that first oil from the Gbetiokun oilfield in Nigeria was achieved via the early production facility at licence OML 40.

In line with expectations, initial gross production will rise to approximately 12,000 barrels of oil per day (bopd) from the Gbetiokun-1 and Gbetiokun-3 wells over the next seven days.

The EPF will process all reservoir fluids produced under the initial phase of the Gbetiokun development. The facility has a nominal capacity of 22,000 bopd, which will allow for production from the additional Gbetiokun development wells being drilled in 2019.

George Maxwell, CEO of Eland, commented: "We are delighted to reach first oil from the Gbetiokun field. The team has worked hard, and I am proud we have delivered significant production from a second oil field within OML 40, marking a significant expansion and de-risking of our production base. Gbetiokun will deliver additional cash flow for Eland and we are excited for the development of the licence going forward, with the further infill drilling on Gbetiokun and Opuama and the near-field exploration of Amobe prospect in 2019."

The Gbetiokun facilities and process have been designed in a modular fashion, allowing for the evacuation of increased levels of production over the coming 12 to 18 months beyond 22,000 bopd, while the permanent export solution is progressed.

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