Suntrust Oil Company
SunTrust Oil Company Nigeria Limited was incorporated on April 4, 2001. SunTrust is an Oil Exploration and Production Company with a focus on West Africa and the Gulf of Guinea as its core production areas.
SunTrust is headquartered at No. 93A Eti-Osa Street, Dolphin Estate, Ikoyi – Lagos and has operations across Nigeria.
In March 2003, the Government of Nigeria awarded SunTrust a 30% interest in OML 56 (Umusadege), located in Delta state. SunTrust is working with its partner, Midwestern Oil & Gas to develop the field.
In April 2008, the Joint Venture commenced production in the field.
The current production volume status from the Umusadege field is 10,000 barrels oil per day “bopd” but the field has been tested to a 15,000bopd. This production is from four wells and we are currently drilling well 8, from which we anticipate an increase in drilling production upon its completion.