SunTrust Atlantic Energies Limited
Leading New Frontiers in Africa’s Energy Exploration and Production
Excellence | Integrity | Respect | Openness | Value Creation
Creating value for stakeholders as we pursue our core business of energy exploration and production in a safe and environmentally friendly manner.
About Us
Incorporated in 2001, SunTrust Atlantic Energies Limited (“SunTrust Atlantic”), formerly SunTrust Oil, is an energy exploration and production company with a focus on West Africa and the Gulf of Guinea as its core business areas.
SunTrust Atlantic has actively participated in the Nigerian upstream industry since 2003 upon the award by the Nigerian Government of a 30% interest in the Umusadege field located in OML 56 (onshore Delta State) (“Umusadege Field”) during the first marginal field license bid round.
Our Operations
Umusadege Field
A multi-well drilling campaign is ongoing on the Umusadege Field towards increasing our oil production.
The crude oil from the Umusadege field is strategically exported via two terminals: the Shell-operated Forcados terminal (through the Umugini Pipeline) and the NAOC-operated Brass terminal.
The Umugini Pipeline, commissioned in 2014, is a 51.4km x 12” pipeline with an evacuation capacity of 100,000bopd and is co-owned by SunTrust Atlantic.
Egbolom Field
Full field development activities have commenced in earnest with the re-entry operations of the Egbolom-2 well completed. First oil from the Egbolom field was achieved in April 2024. Based on its appreciable accredited reserves base, the Egbolom field is set to become a significant contributor to Nigeria’s indigenous production target.
Central Processing Facility (“CPF”)
In 2014, SunTrust Atlantic and its JV partner designed, built and commissioned a state-of-the-art CPF, as first of its kind for a marginal field operation in Nigeria and Africa.
Tank-Farm
To mitigate against downtimes and production losses from pipeline outages, the Joint Venture designed and built a 110,000 bbls crude-oil tank farm located in the Umusadege Field.
Gas Utilisation
A portion of the total gas production is currently used to generate power for the Umusadege Field operations. However, plans are ongoing to optimize gas utilization through the building of a gas processing plant. We expect to commission the gas plant in Q1 2025.
Midsun Refinery
SunTrust and its JV partner have commenced plans to build a modular refinery close to the Umusadege Field facility. The Midsun Refinery, when completed, will receive crude oil supply from the Umusdage Field and neighboring marginal field operators.
Our Goals
In meeting with the purpose and aspiration of SunTrust Atlantic, we are focused on:
- Acquiring new energy assets to increase our net worth.
- Improving the efficiency of our operations in the oil and gas industry.
- Building a team of well trained and highly motivated professionals.
Our Aspirations
To become the leading energy exploration and production company with operations across Africa and beyond.
Our Purpose
To create value for stakeholders as we pursue our core business of energy exploration and production in a safe and environmentally friendly manner.
Our Core Values
Excellence, Integrity, Respect, Openness, Value Creation
Operations News
UMU 22 ANNOUNCEMENT
UGO OKAFOR, CEO OF SUNTRUST ATLANTIC ANNOUNCES COMPLETION OF THE UMU-22 DRILLING PROJECT SunTrust Atlantic Energies Limited with its JV Partner, (“SunTrust Atlantic”), is happy to announce the successful completion of the Umu-22 drilling project. Ugo Okafor, disclosed...
SUNTRUST ATLANTIC ENERGIES LIMITED ANNOUNCES COMPLETION OF THE UMU-21 DRILLING PROJECT
SunTrust Atlantic Energies Limited with its JV Partner, (“SunTrust Atlantic”), is happy to announce the successful completion of the Umu-21 drilling project. Ugo Okafor, the CEO of SunTrust Atlantic, disclosed that Umu-21 was spudded on April 21st 2024 and...
SUNTRUST ATLANTIC ENERGIES AND HER PARTNERS ACHIEVE FIRST OIL FROM PPL 202 (Egbolom Asset)
Ugo Okafor, CEO SunTrust Atlantic, announces first oil from the Egbolom field, PPL 202
SUNTRUST ATLANTIC ENERGIES LIMITED ANNOUNCES THE COMMENCEMENT OF THE UMU-21 DRILLING CAMPAIGN
Following the successful drilling and completion of the Umu-19 and Umu-20 wells, SunTrust Atlantic Energies Limited with its JV Partner, (“SunTrust Atlantic”), is pleased to announce the commencement of the Umusadege 21 (“Umu-21”) drilling campaign. Umu-21 was spudded...
SUNTRUST ATLANTIC ENERGIES LIMITED ANNOUNCES COMPLETION OF THE UMU-20 DRILLING PROJECT AND COMMENCES DRILLING ACTIVITIES FOR UMU WEST-WEST WELL
SunTrust Atlantic Energies Limited with its JV Partner, (“SunTrust Atlantic”), is happy to announce the successful completion of the Umu-20 drilling project. Umu-20 was spudded on February 6th 2024 and was drilled as a deviated well in the central east accumulation of...
SUNTRUST ATLANTIC ANNOUNCES THE COMMENCEMENT OF THE UMU CE-1 DRILLING CAMPAIGN
Following the successful drilling and completion of the Umu-19 well, SunTrust Atlantic Energies Limited ("SunTrust Atlantic") with its JV Partner, is pleased to announce the commencement of the Umusadege CE-1 (“Umu CE-1”) drilling campaign. Umu CE-1 was spudded on...
Moving ahead
We are open to forming new and strategic alliances that align with our values and ultimately propel us towards our goals.