SunTrust Oil Company Nigeria Limited- Headquarters, Lagos
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SunTrust Oil Company Nigeria Limited was incorporated in Nigeria on 4 April 2001 as an Exploration and Production Company. We are headquartered at No. 7a, Akin Olugbage Street, Victoria Island, Lagos and we have operations across Nigeria.
SunTrust Oil is registered with the Department of Petroleum Resources as an Exploration and Production company and we have partnered in the past with the following international companies in the upstream petroleum sector: Canadian Natural (CNRL), Sovereign Oil and Gas Company Ltd.SunTrust Oil Company Nigeria Limited
SunTrust Oil Company Nigeria Limited was incorporated in 2001. It is an Exploration and Production Company with a focus on West Africa and the Gulf of Guinea as its core production areas.
SunTrust has operations across Nigeria.
In March 2003, the Government of Nigeria awarded SunTrust a 30% interest in OML 56 (Umusadege), located in Delta state. SunTrust is working with its partner, Midwestern Oil & Gas, to develop the field.
In April 2008, the Joint Venture commenced production in the field.
SunTrust’s vision is to be the leading independent oil and gas company with operations across Africa and beyond with a core focus on shareholder value creation, integrity and transparency in all our operations.
SunTrust’s mission is to build and sustain a value creating company that is customer centric in its operations while ensuring safe exploitation of Hydrocarbon resources with keen attention to its environmental responsibilities and the welfare of its host communities.
Our strategy is to target oil fields with reliable reservouir parameters in West Africa and the Gulf of Guniea.
SunTrust is an Exploration and Production Company with its field operations in Delta State and its Headquarters in Lagos, Nigeria.
SunTrust, along with its partners, Midwestern Oil and Gas (Operator) and Mart Resources, currently produce an average of 13,000bpd from its Umusadege field in Delta State. Please see our Latest News section for updates on our field operations.
SunTrust Oil is participating with its co-venturers to design, construct and own a 12”x55km pipeline for transportation of stabilized crude from Umusadege OML 56 to Eriemu OML 30 both in Delta State of Nigeria. The project is currently on going and is currently in an advanced stage of execution. It is envisaged to be commissioned during the first half of 2013.
This pipeline will provide supplementary and alternative evacuation route to the existing route that sends stabilized crude oil from the OML 56 area to the NAOC Kwale Flow Station and Terminal at Ebocha.
The Company has a firm policy of adhering to strict industry standards relating to the protection of the environment.
Industry practices to operate safely and to protect the environment have evolved significantly in the past few decades with our emphasis on the cleaner and safer operations, and greater compatibility with the environment.
Improvements in technology enable us to conduct many aspects of our operations far more efficiently.
Our management systems have been extended to include social responsibility and ethical considerations. The Company pursues a policy of sustainable development balancing economic, environmental and social challenges.