Our Company
Elcrest is driving Oil and Gas Development in Nigeria through Strategic Partnerships and Community Engagement
Elcrest Exploration and Production Limited is a Nigerian oil and gas company focused on hydrocarbon development and production. Our operations center on OML 40, a 498 square kilometer onshore license in the Niger Delta, approximately 65 km northwest of Warri.
We are a joint venture between Starcrest (55%) and Eland Oil and Gas Limited (45%). Elcrest holds a 45% stake in OML 40, partnering with NNPC Exploration and Production Limited (NEPL), which owns 55% and operates the license.
Elcrest in Numbers
87.8 MMbbls
2P Reserves + 2C Resources
Over 9.8M
LTI-Free Man Hours
48 MMbbls
Cumulative Production
27.7 kg/boe
CO2 emission intensity for 2023
Values & Code of Conduct
Elcrest Exploration & Production
Our History
The acquisition of a 45% equity stake in OML 40 by Elcrest was completed in September 2012. Since 2014, the NEPL/Elcrest joint venture has been producing oil from the Opuama field.
Harnessing Nigeria's hydrocarbon resources
Our business model leverages core strengths, experience, and innovation to create long-term value. We actively pursue organic growth and strategic acquisitions to enhance stakeholder value. Elcrest is committed to fostering strong community relationships through targeted investments in empowerment, job creation, security, healthcare, and developmental projects.
