Egbolom Field (OML23)

Following a successful bid during the 2020 Marginal Field Bid Round, the Federal Government of Nigeria, through the Department of Petroleum Resources (DPR) awarded SunTrust Oil a participating 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.

Egbolom OML23

Following a successful bid during the 2020 Marginal Field Bid Round, the Federal Government of Nigeria, through the Department of Petroleum Resources (DPR) awarded SunTrust Oil a participating 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 consists 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 northeast of the Soku Field, operated by Shell, which is primarily a large gas field exceeding 2 TCF of gas and connected to the Shell Eastern Gas Gathering System (EGGS).

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 envisages a phased approach, driven by strong commercials, with wells initially produced through an Early Production System evacuating production by pipeline to nearby infrastructure.

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

Map of oilfield

Operations News

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...

April – June 2021 Operations Update

April – June 2021 Operations Update

PRODUCTION ACTIVITIES SunTrust Oil and its Partners 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 the injection rate...

February – March 2021 Operations Update

February – March 2021 Operations Update

PRODUCTION ACTIVITIES SunTrust Oil and its Partners 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 Partners were able to sustain injection rate during/after...

November 2020 – Jan  2021 Operations Update

November 2020 – Jan 2021 Operations Update

PRODUCTION ACTIVITIES SunTrust Oil and its Partners 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 Partners were able to sustain injection rate during/after...

OPERATIONS UPDATE – OCTOBER 2020

OPERATIONS UPDATE – OCTOBER 2020

PRODUCTION ACTIVITIES SunTrust Oil and its Partners 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 Partners were able to sustain injection rate during/after...

OPERATIONS UPDATE – SEPTEMBER 2020

OPERATIONS UPDATE – SEPTEMBER 2020

DRILLING No ongoing drilling activities. Preparation/planning for various well intervention works ongoing. PRODUCTION ACTIVITIES SunTrust Oil and its Partners have continued to reap the benefit of increased storage space at the Umusadege field. With about 110,000...

OPERATIONS UPDATE

OPERATIONS UPDATE

DRILLING No ongoing drilling activities. Preparation/planning for various well intervention works ongoing. PRODUCTION ACTIVITIES SunTrust Oil and its Partners have continued to reap the benefit of increased storage space at the Umusadege field. With about 110,000...

OPERATIONS UPDATE

OPERATIONS UPDATE

DRILLING No ongoing drilling activities. Preparation/planning for various well intervention works ongoing. PRODUCTION ACTIVITIES SunTrust Oil and its Partners have continued to reap the benefit of increased storage space at the Umusadege field. With about 110,000...