Eland Oil & Gas, (an oil & gas development and exploration company operating Nigeria) recently gave a report on its operations in Nigeria. The company in a press release stated since the last announcement made by the company on January 31, 2017, its OML 40 has produced over 150,000 barrels of oil from the Opuama-3 well. The company also recently designed and engineered a unique and dedicated alternative export route via shipping due to the prolonged shut-in at Forcados Terminal. It was noted in the report given that despite the challenges associated with the foregoing alternative, the implementation of crude export from the Opuama field through shipping continues to prove very successful as the company has completed a full export cycle with one vessel, which is now en route to the export terminal for the second time carrying its third cargo. The company has been able to ship about 120,000 barrels of oil under 2 (two) weeks since it started loading it first vessel.
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