Elcrest Exploration and Production Nigeria Ltd (Elcrest), is a JV formed by Eland Oil & Gas UK and local Nigerian partners. The company acquired an interest in the OML 40 Niger Delta block from Shell in 2012. Since acquiring the Opuama oil field in OML 40, Eland has successfully redeveloped the asset with first oil commencing in February 2014 from the recommissioning of two existing wells. The Company subsequently brought two further wells onstream, resulting in an all-time production high in early 2018
Elcrest Exploration and Production Nigeria Limited (Elcrest) engages in an oil and gas exploration business. The company is a special purpose vehicle made up of Starcrest Energy Nigeria Limited 55% and UK-registered Eland Oil and Gas Limited 45%. Starcrest Nigeria Energy Limited is part of the Chrome group of companies. The Elcrest JV was formed for the specific purpose of acquiring an onshore asset from the SPDC JV divestment process. Elcrest targeted OML 40 as a cornerstone asset for the company, operated in JV with NNPC.
