DRILLING No current drilling operation. Plans are still ongoing to carry-out rig-less interventions on some of the well strings. PRODUCTION ACTIVITIES Plans are ongoing to ramp up production as the new 80,000 barrels Tank Farm is nearing completion. The Tank Farm will help SunTrust Oil and its Partners to sustain injection rate during/after production/injection outages. Various facility upgrade and debottlenecking activities are currently ongoing. CRUDE EXPORT Injection through the Nigerian Agip Oil Company Limited (“NAOC”) and the Umugini Asset Company Limited (“UACL”) export pipeline suffered several downtimes due to Vandals’ attack on the export pipelines resulting in shut-ins of...Read More
Kindly Click link below to read the DEPARTMENT OF PETROLEUM RESOURCES (NIGERIA’S OIL INDUSTRY REGULATOR)’S GUIDELINES AND PROCEDURES FOR OBTAINING THE PETROLEUM MINISTER’S CONSENT TO THE ASSIGNMENT OF ANY INTEREST IN AN OIL AND GAS ASSET IN NIGERIA.
NEWS ALERT: SunTrust Oil Seeks Nigerian High Court’s Injunction restraining San Leon Energy (SLE) from receiving any more quarterly US$19M (Nineteen Million US dollar) Loan notes from Nigeria.
Click to view SunTrust Oil Seeks Nigerian High Court’s Injunction restraining San Leon Energy (SLE) from receiving any more quarterly US$19M (Nineteen Million US dollar) Loan notes from...Read More
Department of Petroleum Resources (Nigeria Oil Industry Regulator) – POSITION REGARDING THE SAN LEON V SUNTRUST MATTER
Click To View DEPARTMENT OF PETROLEUM RESOURCES (NIGERIA OIL INDUSTRY REGULATOR) – POSITION REGARDING THE SAN LEON V SUNTRUST...Read More