SunTrust Oil and its Partners (“SunTrust Oil”) sustained production and injection activities during the period under review. We have almost concluded plans to spud a new well at our Umusadege field location. Details will be provided in the coming days.
SunTrust Oil injection activities through the Umugini Pipeline Infrastructure Limited (“UPIL”) were carried out successfully with injection at full RPC (reserve production capacity). However, injection activities through the Nigerian Agip Oil Company Limited (“NAOC”) export line were unavailable due to operational challenges.
SunTrust Oil ensures a peaceful working environment through strategic engagement with the various host communities. Numerous signed-off key developmental projects, including road constructions and classroom blocks, are at different stages of completion. Plans are ongoing for the commissioning of already completed community development projects.