Thursday 6 February 2014

Nigerian oil field restarts production after seven years

Nigerian oil field restarts production after seven years

An oil field in Nigeria has restarted production after being closed for more than seven years.

Eland Oil & Gas, with headquarters in Scotland, said it re-opened two existing wells this week, with output expected at 2,500 barrels of oil per day.

The crude oil produced will be delivered to the Shell Forcados export terminal via a pipeline, which will have the capacity to export up to 30,000 barrels a day.

The company estimates the Opuama field, which was initially in production between 1975 and 2006, contains 54.2 million barrels of recoverable oil.

Les Blair, CEO of Eland Oil & Gas said: "We look forward enthusiastically to the prospect of building on this pivotal turning point by materially increasing the daily production through the planned development drilling during 2014."

Written by

Bruna Pinhoni

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