OML-40

A 498 kmĀ² Niger Delta oil license, jointly held by NEPL and Elcrest, with two producing fields and multiple prospects.
OPUAMA FIELD

The Opuama Field was discovered in 1972 (Opuama-1 well). Production from Opuama began in 1975, reaching a peak output of 11,000 barrels of oil per day (bopd) from five wells: Opuama-1, 3, 5, 6, and 7.

The Gbetiokun Field is situated to the southeast of OML 40 and was discovered in 1987 (Gbetiokun-1 well), drilled by Shell Petroleum Development Company (SPDC) and further appraised by Gbetiokun-2 (SPDC) drilled in 1990-91.

Aapproximately 7 kilometers from the Opuama Field, Sibiri was discovered in 2022 by the Sibiri-1 well, which encountered eight hydrocarbon-bearing sands. The well was completed on D4000 and D2000 and tested via an Extended Well Test (EWT).