Our mission is to provide quality well intervention services to the major oil companies in the major oil producing African countries, mainly Nigeria. The business prospects in the Nigerian petroleum sector is very high as the fifth largest producer of the Organisation of Petroleum Exporting Countries (OPEC) and with plans to double its output by 2010 Nigeria is a high priority market for the oil and gas sector. This is strengthened by the high level of investment needed and anticipated, for both oil and gas sectors to increase oil production from existing fields, to develop new oil and gas fields and to increase the capacity of the country?s refining and petrochemical sector to meet domestic and export requirements. Nigeria presently has more than 250 oil and gas fields of which some 120 fields are producing. Nigeria?s proven reserves now stands at over 32 billion barrels of oil from its onshore, proximal, deep and ultra deep offshore areas. It has proven natural gas reserves 124Tcf with recoverable gas reserves of 45tcf ranking Nigeria as the 9th producer in the world. The government plans to raise the daily production level from 2mbpd to 3mbpd by the year 2003 and 4mbpd by 2010, and the reserve to 30 billion barrels by 2003 and 40 billion by year 2010. Ellon-Drill is ready to take the Nigeria oil and gas market by storm, with our dynamic group of experienced engineers and our newly acquired drilling and well intervention equipment.
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