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

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...

May 2020 OPERATIONS UPDATE

May 2020 OPERATIONS UPDATE

DRILLINGNo ongoing drilling activities. Preparation/planning for various well intervention works ongoing. GAS LIFT OPERATIONS: SunTrust Oil and its partners are making a lot of progress with the planned gas lift operation. The gas lift flowlines are almost completed,...

JANUARY 2020 OPERATIONS UPDATE

JANUARY 2020 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...