Eland acquires stake in Nigeria’s Ubima onshore field
August 15, 2014 | Farm In, Nigeria
London-listed Eland has completed a $10 million farm-in agreement for 40% of the onshore Ubima oil and gas field in Rivers State, Nigeria London, United Kingdom | – West Africa-focused independent oil and gas companyEland Oil & Gas reported Friday that its subsidiary, Wester Ord Oil & Gas, has agreed to buy a 40-percent participating interest in Nigeria’s Ubima field from Allgrace Energy Limited. Ubima lies onshore in the northern part of Rivers State, adjacent to Oil Mining Lease 17. Four wells were drilled on …