Egbolom Field (OML23)

Following the successful completion of the 2020 bid round, the Federal Government of Nigeria awarded SunTrust Oil a 26.73% equity interest in the Egbolom Field (OML 23).

Egbolom – OML23

Following the successful completion of the 2020 bid round, the Federal Government of Nigeria awarded SunTrust Oil a 26.73% equity interest in the Egbolom Field (OML 23). SunTrust Oil and PetroNor E&P Limited, a Norwegian listed independent exploration and production company, jointly conducted the preliminary analysis which drove the bid for 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 SunTrust Oil envisages a phased approach, 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

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-...

NOVEMBER 2021 OPERATIONS UPDATE

NOVEMBER 2021 OPERATIONS UPDATE

PRODUCTION ACTIVITIES SunTrust Oil and its Partners (“SunTrust”) sustained production activities during the period under review. Several well intervention operations are currently ongoing. When completed, we expect that the additional productions from these...

OCTOBER 2021 OPERATIONS UPDATE

OCTOBER 2021 OPERATIONS UPDATE

PRODUCTION ACTIVITIES SunTrust Oil and its Partners are currently engaged in several well intervention operations. Upon completion, it is expected that the additional production from these intervention activities would help to sustain the approved reserve production...

SEPTEMBER 2021 OPERATIONS UPDATE

SEPTEMBER 2021 OPERATIONS UPDATE

PRODUCTION ACTIVITIES SunTrust Oil and its Partner are currently engaged in several well intervention operations. When completed, we expect that the additional productions from these intervention activities would help to sustain the approved reserve production...

AUGUST 2021 OPERATIONS UPDATE

AUGUST 2021 OPERATIONS UPDATE

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 of storage space available, SunTrust Oil and its Partners were able to sustain injection at a restricted...

July 2021 Operations Update

July 2021 Operations Update

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...