SunTrust Oil 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.