Egbolom Field (OML23)

Following a successful bid for the Egbolom field (OML23) during the 2020 marginal field bid round, SunTrust Oil was awarded a 35.82% equity interest in the Egbolom field (“Equity Interest”) by the Federal Government of Nigeria.

Egbolom – OML23

Following a successful bid for the Egbolom field (OML23) during the 2020 marginal field bid round, SunTrust Oil was awarded a 35.82% equity interest in the Egbolom field (“Equity Interest”) by the Federal Government of Nigeria. In compliance with the award conditions, the Equity Interest will be held in corresponding shareholding in Ingentia Energies Limited (“IEL”) – a special purpose vehicle formed by the co-awardees of the Egbolom field. IEL will be the holder of the petroleum prospecting licence to be issued and consequently the operator of the Egbolom field.

OML 23 consist of two fields – Egbolom and producing Soku field. Discovered in 1982, Egbolom is an onshore (swamp) marginal field situated in OML 23, located in the Central Niger Delta Sedimentary Basin. The Egbolom Field is located 12km from the Ogbele terminal and about 18km north-east of the Soku Field, operated by Shell.

Egbolom has an Estimated Ultimate Recoverable (2P) Reserves of about 86 million barrels and STOIIP (2P) of 219.8 million barrels with a reservoir depth of 762m. The Egbolom Discovery consists of two wells, Egbolom-1, a vertical well drilled in March 1982 to a total depth of 11,118 ft MD and Egbolom-2 drilled in August 1986 approximately 2.1 km north-west of Egbolom-1 to a depth of 12,390 ft MD. The wells encountered stacked sand and shale intervals of the Miocene Agbada Formation. The regional source rock is the underlying Akata shale.

Full field development planning is in its early stages, but a phased approach is envisaged, driven by strong commercials, with wells initially produced through an Early Production System evacuating production by pipeline to nearby infrastructure.

Map of oilfield

Operations News

SEPTEMBER 2022 OPERATIONS UPDATE

SEPTEMBER 2022 OPERATIONS UPDATE

SunTrust Oil and its Partners (“SunTrust Oil”) continue to suffer production activities downtime during the period under review. Various intervention activities will commence once crude evacuation activities resume. CRUDE EXPORT SunTrust Oil injection activities...

JULY 2022 OPERATIONS UPDATE

JULY 2022 OPERATIONS UPDATE

SunTrust Oil and its Partners (“SunTrust Oil”) suffered production activities downtime during the period under review. Completed intervention activity on a new gas -lift Well.  Other intervention activities will commence once crude evacuation activities resume....

JUNE 2022 OPERATIONS UPDATE

JUNE 2022 OPERATIONS UPDATE

SunTrust Oil and its Partners (“SunTrust Oil”) sustained production activities during the period under review. Completed intervention activity on a new gas -lift Well while planning for other intervention activities are currently ongoing. CRUDE EXPORT SunTrust Oil...

Egbolom Oil Field– OML23

Egbolom Oil Field– OML23

Following a successful bid for the Egbolom marginal field (OML23) during the 2020 marginal field bid round, SunTrust Oil was awarded a 35.82% participating interest in the Egbolom marginal field by the Federal Government of Nigeria. SunTrust Oil together with its co-...

MAY 2022 OPERATIONS UPDATE

MAY 2022 OPERATIONS UPDATE

SunTrust Oil and its Partners (“SunTrust Oil”) sustained production activities during the period under review. Planning for various intervention activities is currently ongoing. CRUDE EXPORT SunTrust Oil sustained injection activities through the Umugini Pipeline...

APRIL 2022 OPERATIONS UPDATE

APRIL 2022 OPERATIONS UPDATE

SunTrust Oil and its Partners (“SunTrust Oil”) sustained production activities during the period under review. Planning for various intervention activities is currently ongoing. CRUDE EXPORT SunTrust Oil sustained injection activities through the Umugini Pipeline...

MARCH 2022 OPERATIONS UPDATE

MARCH 2022 OPERATIONS UPDATE

SunTrust Oil and its Partners (“SunTrust Oil”) sustained production activities during the period under review. Commenced further intervention activities on Umu-Central-East location Well. Also commenced second half Maximum Efficient Rate, MER, tests for Umu Wells....

FEBRUARY 2022 OPERATIONS UPDATE

FEBRUARY 2022 OPERATIONS UPDATE

SunTrust Oil and its Partners (“SunTrust Oil”) sustained production activities during the period under review. Intervention activities on two wells -one in the Central location and another in the Central-East location- were successfully completed.  Both wells are...

JANUARY 2022 OPERATIONS UPDATE

JANUARY 2022 OPERATIONS UPDATE

SunTrust Oil and its Partners (“SunTrust Oil”) sustained production activities during the period under review. Intervention activities on two wells -one in the Central location and another in the Central-East location- were successfully completed.  Both wells are...

DECEMBER 2021 OPERATIONS UPDATE

DECEMBER 2021 OPERATIONS UPDATE

PRODUCTION ACTIVITIES – INTERVENTION ACTIVITIES SunTrust Oil and its Partners (“SunTrust Oil”) sustained production activities during the period under review. Intervention activities on two wells -one in the Central location and another in the Central-East location-...