SunTrust Atlantic has accelerated upstream activity through a multi-year drilling campaign focused on the Umusadege field in OML 56, in the Delta State mainland. In February of last year, the company and its joint venture partner, Midwestern Oil & Gas, commenced drilling operations on the Umu-C2 development well, targeting deeper, unexplored reservoirs to offset the natural decline in production in mature areas of the field.
The Umu-C2 well was designed as a slightly deviated development well, targeting all primary oil sands within the central culmination of Umusadege. Planned to reach a total depth of 10,859 feet, the well is part of a broader rehabilitation strategy launched in 2024 to sustain production efficiency and improve long-term reservoir recovery across the structurally complex onshore asset.
SunTrust Atlantic currently maintains an average benchmark production of approximately 10,000 barrels of oil per day (bpd) from the Umusadege field through 20 production strings in 17 active wells. Since the start of commercial production, the field has produced more than 54.1 million barrels of crude oil. The asset contains 13 known multi-horizon hydrocarbon reservoirs, requiring intensive seismic interpretation and directional drilling programs.
Alongside OML 56, SunTrust Atlantic is moving forward with the development of the Egbolom field under oil exploration license 202, obtained during Nigeria’s 2020 marginal fields bidding round. The company holds a 35.82% stake in the asset, which was separated from the former OML 23 block. The field is estimated to contain 220 million barrels of oil initially in-situ and approximately 85 million barrels of recoverable 2P reserves.
The company’s position in terms of pipeline infrastructure continues to be a key differentiating factor among independent companies in the Niger Delta. SunTrust co-owns the 51.4 km Umugini pipeline, a 12-inch crude transport line with a nominal capacity of 100,000 bpd. The pipeline connects the Umusadege field to Shell Nigeria’s main pipeline network in Eriemu, enabling the transport of crude oil through the Forcados and Brass export terminals under dual terminal agreements.
…… Becomes Gold Sponsor.at AEW 2026
Nigeria-based SunTrust Atlantic Energies will participate in African Energy Week (AEW) 2026 as a Gold Sponsor, reinforcing the company’s growing profile as one of the most active local upstream operators in the Niger Delta. Scheduled for October 12-16 in Cape Town, the event is expected to provide SunTrust Atlantic with a platform to showcase its drilling campaign, infrastructure strategy, and regional growth ambitions across West Africa and the Gulf of Guinea.
Having established itself as Africa’s leading energy investment event, AEW 2026 will bring together operators, financiers, policymakers and service companies to promote project development and access to energy across the continent. SunTrust Atlantic’s participation comes at a time when independent Nigerian companies are increasingly leveraging tax incentives introduced under the Petroleum Industry Act to expand services, accelerate production and strengthen ownership of local infrastructure in mature onshore basins.
“SunTrust Atlantic Energies’ participation in African Energy Week 2026 reflects the growing strength and ambition of local Nigerian operators driving the expansion of the continent’s upstream sector. Their continued investment in production growth, infrastructure ownership and rehabilitation demonstrates exactly the type of African-led energy development that AEW was created to champion,” says NJ Ayuk, Executive Chairman of the African Energy Chamber. Looking to the future, SunTrust Atlantic is positioning itself to capitalize on Nigeria’s revised tax framework under the Petroleum Industry Act, which offers tax and royalty incentives for marginal field operators. The company plans to transition Egbolom from a processing license to a long-term oil exploration license, simultaneously leveraging cash flow from Umusadege production and existing flow infrastructure to support future drilling initiatives, expansion of flow stations, and optimization of regional assets.
