PRODUCTION ACTIVITIES

SunTrust Oil and its Partner have continued to reap the benefit of increased storage space at the Umusadege field. With about 110,000 barrels storage space available, SunTrust Oil and its Partner were able to sustain injection rate during/after production/injection outages during this period of under review.

Various intervention programmes have been approved and are planned to commence in July, Q3, 2021.

GAS LIFT OPERATIONS

The Gas lift operation continues to support our production/injection expectations. The Train-2 compressor which is expected to be commissioned in Q3, 2021, will further boost our production/Injection capacity.

CRUDE EXPORT

Currently exporting through the Umugini Pipeline Infrastructures Limited (“UPIL”) and the Nigerian Agip Oil Company Limited (“NAOC”) export lines. Within the period under review, both export lines suffered several downtimes resulting in production deferment.

COMMUNITY AFFAIRS

SunTrust Oil and its partner continued to ensure a peaceful working environment through strategic engagement with the various host communities and have continued to make progress with many of the various signed-off key developmental projects.

Currently, several other community projects are at various stages of completion.