Eland Oil and Gas on Thursday announced that it is assessing its portfolio in West Africa, as a result of an interruption on one of its main fields.Output was interrupted from the Opuama field on the OML 40 licence in Nigeria, after the Forcados terminal shutdown in mid-February.

The shutdown came after militants attacked the Forcados pipeline in the Niger Delta region.

The Aberdeen-based firm, which focuses on West Africa, said it expects the terminal to come back on stream soon, so the Opuama field can begin operation.

“The first half of 2016 was successful for Eland, with operational success at the Opuama-3 well workover in OML40 testing at rates in excess of 10,500 barrels/day of oil, reserves additions reported in CPRs for both the Ubima marginal field and the Gbetiokun field, and an oversubscribed equity raise for $18.5million. Although sales have been impacted by the Forcados terminal being shut-in since mid-February, we expect production and revenue generated cash-flow will reach an all-time high upon terminal operations resuming,” George Maxwell, Eland chief executive, told Energy-Voice.

He said the company looks forward to more operational improvement with workovers being scheduled on OML 40 and the Ubima field.

Anita Fatunji