Wednesday, February 19, 2014
Mart Resources and its partners on the Umusadege field Midwestern Oil & Gas and SunTrust Oil Company issued an update on production and operations.
The Umusadege field production during January 2014 averaged 11,563 bpd. The field experienced downtime of approximately four days during January due to operational interruptions. Average field production based on producing days was 13,151 bpd in January.
Mart reported that the clearing of the right of way for the last five km of the first section of the Umugini pipeline has been completed and pipeline construction is ongoing. Clearing of the right of way for the second section of the Umugini pipeline has commenced, with approx. 2.5 km completed. Pipe is being loaded and transported to the second section location in preparation for the start of construction.
Negotiations with local communities and NPDC along the second section of the Umugini pipeline are progressing and ongoing. Other equipment and materials needed to complete construction of the pipeline have arrived in Nigeria or are currently being shipped, and the group managing construction of the Umugini pipeline continue to estimate that pipeline construction will be completed in H1 2014. Pipeline commissioning will occur following completion of pipeline construction.