Global Energy Conference - London 16 September 2013
Who we are Eland listed on AIM on September 3 2012 Eland is a listed OML 40 in Nigeria is Elands core asset [in partnership independent oil & gas with NPDC and Starcrest Energy Nigeria Limited] OML 40 has proven reserves,…
Eland Highlights Since Listing September 12 March 13 August 13 Elcrest, Elands JV Company, purchased a Option agreement entered into Released an updated Reserves and Resources 45% interest in OML 40 for 154million for the exclusive…
A Highly Experienced Board Les George Gilles Harry Bob Louis Russell Andrew James Ede- Blair Maxwell Krijger Wilson Lambert Castro Harvey Bartlett Golightly MD Business Head Reservoir Senior Position at of Nigeria Development…
Eland Share Price Eland Oil & Gas plc (ELA.L) Performance Since Listing, 3 September 2012 140 Shares in Issue: Performance versus market (rebased to Eland share price at IPO) 135,263,214 130 Share Price (30 Aug 2013) 120…
Nigeria at a glance Africas largest oil producer. Daily production currently exceeds 2.4 Million bbls per day Over 1,000 fields discovered with the majority not yet in production Total reserves: Oil 37.2 Billion bbls, Gas 182 TCF…
Nigeria and its challenges Regulatory framework Export pipelines Approvals from government agencies Nigeria has a huge export pipeline network, take time and require patience some installed over 40 years ago Local Content…
All of the Ingredients OML 40 30,000 bopd Flow station 498 km2 license with production, development & exploration Dedicated export route via Trans Escravos Pipeline network Slide 9 Global Energy Conference
OML 40 Restoration of Production Stringing of Flow Lines along Right of Way Swamp Buggy starting to clear ROW for (ROW) Flow line replacement Slide 10 Global Energy Conference
OML 40 Restoration of Production Swamp Buggy can also be used to assist Trench to well head for new flow lines with offloading small diameter pipe from created by swamp buggy transport barges. Slide 11 Global Energy Conference
OML 40 - Opuama Surface Schematic 3 5 6 7 10 11 13 12 8 14 9 1 2 4 Opuama Field layout showing the existing wells plus planned development wells to be drilled in 2013/2014 Slide 12 Global Energy Conference
OML 40 - Opuama Re-Development 43 MMbbls produced from 4 reservoirs Certified 2P reserves of 54 MMbbls remaining Vertical wells drilled on the 2D seismic data set were not optimally positioned Opuama 1 landed in near optimal…
OML 40 Reserves SUMMARY OF OIL RESERVES AS AT 30 JUNE, 2013 COMPARED TO PREVIOUS EXTERNAL Oil Reserves (MMB) AUDIT REPORT Gross Net Entitlement OIL RESERVES: Proved (1P) an increase of 99% Before After After Category % Proved plus…
OML 40 Field Development Programme 2013-2016 Opuama 30 kblpd capacity Planned Facilities: Gbetiokun Flow Station - 30,000 BLPD Abiala Flow Station - 30,000 BLPD 65km, 16 Pipeline - 100,000 BLPD Export Pipeline: Spur 10…
OML 40 Drilling - Swamp Rig Imperial Full refurbishment in Asia Arrived Nigeria January 2013 Very experienced management and crew ABS Classification 3,000 hp rated to 30,000 feet Drilling water depth up to 24 feet Accommodation…
OPL 452 Dry land, river mangrove swamp 668 km2 Prospective area (SW of river): 175 km2 Line 14-71-149 (See below) 6 onshore prospects Sole Risk Concession Licence Eland has an option agreement for 40% equity…
Investment Summary West Africa Focus Eland Very experienced management team based in Nigeria Excellent working relationships with partners OML 40 Gross 2P certified reserves of 81.8 MMbbls (Netherland, Sewell & Associates Inc.)…
Aberdeen Nigeria London Slide 20 With thanks Global Energy Conference
Loading...
