Suntrust Oil Company

Description

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.


Latest Suntrust Oil Company News

Oil flow commences through Umugini pipeline

Mart Resources, Inc. (TSX:MMT) and its co-venturers, Midwestern Oil and Gas Company Plc. (Operator of the Umusadege field) and SunTrust Oil Company Limited are pleased to provide the following update on Umugini pipeline operations. Oil flow has commenced through the 51-kilometer long Umugini pipeli... Thursday, December 4, 2014

Mart Resources UMU-3 Well flow test results and drilling update

Mart Resources, Inc. (TSX:MMT) and its co-venturers, Midwestern Oil and Gas Company Plc. (Operator of the Umusadege field) and SunTrust Oil Company Limited are pleased to provide the following updates on Umusadege field drilling and flow testing operations. UMU-3 Side-Track Horizontal Initial Well ... Friday, July 25, 2014

Mart Resources announces update on Umusadege field production for December 2013 and other operations

Mart Resources, Inc. (TSX VENTURE:MMT) and its co-venturers, Midwestern Oil and Gas Company Plc. (Operator of the Umusadege field) and SunTrust Oil Company Limited are providing the following updates on Umusadege field production for December 2013 and other operations. December 2013 Production Upda... Monday, January 20, 2014

Mart Resources provides an update on Umusadege field production for November 2013 and other operations.

Mart Resources, Inc. (TSX VENTURE:MMT) and its co-venturers, Midwestern Oil and Gas Company Plc. (Operator of the Umusadege field) and SunTrust Oil Company Limited are providing the following updates on Umusadege field production for November 2013 and other operations. November 2013 Production Upda... Thursday, January 2, 2014

Mart Resources announces UMU-11 initial well test results

Mart Resources, Inc. (TSX VENTURE:MMT) and its co-venturers, Midwestern Oil and Gas Company Plc. (Operator of the Umusadege field) and SunTrust Oil Company Limited are pleased to announce initial flow rate test results for the UMU-11 well and an update on the UMU-10 well test. UMU-11 Well Test Resu... Friday, December 20, 2013

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Milton Keynes
United Kingdom
Phone: +44 207 993 5991
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