Project Profile
Value: US$250 million
Location: OML 56, Delta State, Nigeria
Peak production: 15,000 - 20,000 b/d
Reserves: unknown
Start-up year: -
The Umusadege oil field is located in the central Niger Delta and was awarded to Midwestern as Operator and Suntrust under the Nigerian Government\'s Marginal Field Allocation Program. Three wells have been drilled and cased in the field between 1974 and 1980. The N2 well was production tested at a combined rate of 2,654 barrels of oil per day. The Umusadege field contains 16 oil-bearing reservoirs at between 6,500 feet and 9,500 feet. The crude quality varies between 23 and 41 degrees API (blended average 30-35 API). A 10,000 b/d early production facility (EPF) has been installed, during 2008, followed by the installation of a permanent central production facility in December 2009, replacing the EPF. The full field development of the Umusadege field is estimated to reach a capacity of 15,000 - 20,000 b/d and is currently ongoing.
Operators:
Midwestern Oil & Gas Company PLC: Operator with 70% interest
Suntrust Oil Co. Nigeria Ltd.: 30% interest