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Mart Resources Production Steady Despite Pipeline Issues
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Mart Resources, Inc. and its co-venturers, Midwestern Oil and Gas Company Limited and SunTrust Oil Company Limited are providing the following updates on Umusadege field production for January 2015 and other operations.
Highlights Umusadege field production averaged 17,050 barrels of oil per day (bopd) during January 2015 based on calendar days; average field production based on production days was approximately 18,070 bopd during January 2015. Total production from the Umusadege field in January 2015 was approximately 528,560 barrels of oil (bbls). The combined net delivery of oil from the Umusadege field through the Umugini pipeline and the Nigerian Agip Oil Company Limited ("NAOC") export pipeline totaled approximately 525,920 bbls in January 2015 before estimated combined pipeline…Finish this article — free account or subscription
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