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OML 40

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Owner: Elcrest

Shore Type: onshore

Block Rights: OML

The OML 40 license lies within the Niger Delta, approximately 75km north-west of Warri and covers an area of 498 kmē. It has production, booked developed and undeveloped reserves and oil export for 30,000 blpd comprising a flowstation and an export pipeline. In addition OML 40 contains five undeveloped fields; Abiala, Adagbassa Creek, Gbetiokun, Polobo and Ugbo.

Working Interests

NPDC | 55.000%

*Elcrest | 45.000%

Oil Fields

Field Name

-

-

Tsekelewu

-

-

Updates

NPDC Announces first Oil Production from Opuama Wells

1st April, 2014

hexgear

After about one year of strategic planning and brainstorming, the Nigerian Petroleum Development Company (NPDC), a subsidiary of the Nigerian National Petroleum Corporation (NNPC), yesterday recorded a major milestone with the announcement of the production of its first oil from Opuama oil wells in OML 40.

OML 40 is one of the assets that were divested from Shell with NPDC taking over the operatorship in January 2013. The oil well is located in the onshore of the Niger Delta and had earlier been shut in by Shell Petroleum Development Company of Nigeria (SPDC) in 2006.

NPDC explained that it successfully re-opened two Opuama oil wells with a combined production of 2,500 barrels per day (bpd).

Source: http://sunnewsonline.com/new/?p=58420

OPL 40 Granted to Elcrest

1st January, 2012

hexgear

Elcrest E&P Limited was granted OPL 40 in 2012 with Emeka Offor as chairman.

Source: http://www.thisdaylive.com/articles/of-nigeria-s-o...

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