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Our operations

Ubima

The Ubima licence is onshore in the northern part of Rivers State, just north of Port Harcourt, and covers an area of 65 square kilometres.

The Ubima field was discovered in 1963 but never developed. The Company acquired the license in August 2014 and after a period of assessment, commenced appraisal operations in July 2018 with a re-entry and flow test of the discovery well, Ubima-1. In August 2018, Eland successfully undertook a re-entry on the 1963 Ubima-1 discovery well running a dual string completion over four intervals, namely the D1000, E1000, E2000 and F7000 reservoirs.

Reservoir characterisation was updated in 2019, taking into account data obtained from the 2018 the Ubima-1 well re-entry. Based on the Ubima-1 well data, NSAI’s* CPR assessment of gross reserves is 6.2 mmstb (1P) – 9.3 mmstb (2P) – 13.1 mmstb (3P). These reserves are located principally in the E1000/E2000 reservoirs which are the focus for development planning.

Full field development planning is in its early stages, but Eland envisages a phased approach, with horizontal wells initially produced through an Early Production System evacuating production via trucking and subsequently through a permanent production facility and evacuation by pipeline to nearby infrastructure.

  • Operator
    Eland
  • Working interest
    40%
  • Partners
    All Grace Energy Ltd
  • Main fields
    Ubima
  • Acreage
    65km2
  • Available export route
    Trucking
  • 2020 working interest liquids production
    971 bopd
  • 2020 working interest gas production
    n/a
  • Working interest remaining 2P oil reserves
    4 MMbbls
  • Working interest remaining 2P gas reserves
    n/a
  • 2021 activities
    Production and development

Upstream

Seplat Energy has a significant track record of maximising value from Upstream oil and gas assets

Midstream gas

Seplat Energy provides 30% of processed gas used for electricity in Nigeria, with new capacity coming onstream in 2022