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

Mart Resources announces December 2015 production and operations update

Umusadege field production averaged approximately 16,340 barrels of oil per day ('bopd') during December 2015 based on calendar days; average field production based on production days was approximately 19,515 bopd during December 2015. Total production from the Umusadege field in December 2015 was ... Wednesday, January 20, 2016

Mart Resources provides operations and November 2015 production update

Mart Resources, Inc. (TSX:MMT) and its co-venturers, Midwestern Oil and Gas Company Limited and SunTrust Oil Company Limited are providing the following updates on Umusadege field production for November 2015 and other operations. November 2015 Aggregate Production Update Umusadege field productio... Thursday, December 24, 2015

Mart Resources provides September 2015 production and operations update

Mart Resources, Inc. (TSX:MMT) - Umusadege field production averaged approximately 20,330 barrels of oil per day ('bopd') during September 2015 based on calendar days; average field production based on production days was approximately 20,900 bopd during September 2015. Total production from the Umu... Friday, October 23, 2015

Mart Resources provides operations update and August 2015 production figures

Mart Resources, Inc. (TSX:MMT) and its co-venturers, Midwestern Oil and Gas Company Limited and SunTrust Oil Company Limited are providing the following updates on Umusadege field production for August 2015 and other operations. Highlights Umusadege field production averaged approximately 17,970 ba... Friday, September 25, 2015

Mart Resources operations and March 2015 production update

Mart Resources, Inc. (TSX:MMT) and its co-venturers, Midwestern Oil and Gas Company Limited (Operator of the Umusadege field) and SunTrust Oil Company Limited are providing the following updates on Umusadege field production for March 2015 and other operations. March 2015 Aggregate Production Updat... Friday, April 24, 2015

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