NIGERIA

SunTrust Oil is an Exploration and Production Company with 30% equity interest in the Umusadege Oil Field (the “Oil Field”) in Delta State.

SunTrust Oil alongside its partners are currently producing an average of 25,000 Barrels of Oil per day from its Umusadege field in Delta State.

The Oil Field exports crude oil via two export pipelines – Trans Forcados Pipeline (“TFP”), connected by the Umugini Asset Company Limited (UACL) pipeline; a 51.4KM x 12 inch pipeline with a design capacity of 45,000bbls per day ,commissioned in 2014 and the Agip Export Pipeline (Brass River Terminal). 

SunTrust has a 24% equity interest in the UACL pipeline and also a member of the winning consortium that was awarded one of Shell Petroleum Development Company’s Divested Assets, OML 18.

Please see our Latest News section for updates on our field operations.

Other Operations

SunTrustOil Company Nigeria Limited (“Suntrust”) was incorporated in April 2001 as an oil exploration and production company with a focus on West Africa and the Gulf of Guinea as its core business areas. In 2003, SunTrust and its Joint Venture partner, were awarded the OML 56 Umusadege field by the Federal Government of Nigeria.

Crude oil production from OML 18 is exported through the Bonny Crude Oil Terminal via the Nembe Creek Trunk line. Gas production from OML 18 is delivered to various power, industrial and commercial customers via Nigeria Gas Company’s pipeline.

According to the President/CEO SunTrust Oil, Mr. Ugo Okafor, this milestone reinforces SunTrust’s vision of becoming the leading Exploration and Production Company in Nigeria and sub-Saharan Africa. This feat enables the SunTrust consortium to diversify its operations and assets beyond the highly successful operations at the Umusadege marginal field located in Delta State, Nigeria.