DRILLING

Plans are almost concluded for the drilling of the second well, (Umu West 2 development well), in the Umu Western location of the field during quarter two. Contracting process with several service contractors almost completed to ensure we meet up with the planned spud date. Umu West 2 development well will target sands already discovered in the central and eastern locations, but found to be better developed in the western location.

PRODUCTION ACTIVITIES

SunTrust Oil and its Partners have continued to reap the benefit of increased storage space at the Umusadege field. With about 110,000barrels storage space available, SunTrust Oil and its Partners were able to sustain injection rate during/after production/injection outages during the period under review. Various facility upgrade and debottlenecking activities are still currently ongoing.

A gas lift project is also planned for Q2 2019 as way to sustain/increase production from the field.

 CRUDE EXPORT

Both the Nigerian Agip Oil Company Limited (“NAOC”) and the Umugini Asset Company Limited (“UACL”) export pipelines were functional during the period under review. Minimal shutdowns were experienced on the UACL export line.

SunTrust Oil sustained its crude shipping activities during the period under review.

COMMUNITY AFFAIRS

We continued to ensure a peaceful working environment through strategic engagement with the various host communities and undertaking of various key developmental projects.

Discussions are ongoing to ensure completion of yet-to-be completed roads and classroom projects carried over from 2018 and to commence the 2019 development programmes.