Craft

Eland Oil & Gas

Revenue

£129.6 M

FY, 2018

Eland Oil & Gas Summary

Company Summary

Overview
Eland is an independent oil and gas company focused on production, development and exploration in West Africa, particularly the highly prolific Niger Delta region of Nigeria. Eland’s core asset OML 40 produces light oil with low GOR and has a very strong aquifer drive resulting in high ultimate recoveries. OML 40 has gross 2P oil reserves found in the Opuama and Gbetiokun fields which has a significant, only partly developed reserve base.
Type
Subsidiary
Status
Active
Founded
2009
HQ
Westhill, GB | view all locations
Website
http://www.elandoilandgas.com/
Cybersecurity rating
Sectors

Key People

  • George Maxwell

    George Maxwell, Chief Executive Officer and Founder

    • Adebayo Ayorinde, Managing Director, Nigeria

      • Ron Bain

        Ron Bain, Chief Financial Officer

      • Yannis Korakakis, Chief Operating Officer

        Operating MetricsView all

        Oil Equivalent per Day, barrels

        10K

        Mar, 2017

        LocationsView all

        3 locations detected

        • Westhill, Scotland HQ

          United Kingdom

          Ground floor, Seabrokers House, Prospect Rd

        • Lagos, LA

          Nigeria

          Louis Solomon Cl, Victoria Island

        • London, England

          United Kingdom

          N Audley St, Mayfair

        Eland Oil & Gas Financials

        Summary Financials

        Revenue (FY, 2018)
        £129.6M
        Gross profit (FY, 2018)
        £66.6M
        Net income (FY, 2018)
        £113.4M
        Cash (FY, 2018)
        £33.0M
        EBIT (FY, 2018)
        £60.3M

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