Exploration & Production | Operational Updates
Mart Resources Updates Nigerian Operations
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Mart Resources, Inc. and its co-venturers, Midwestern Oil and Gas Company Plc. and SunTrust Oil Company Limited are providing the following updates on Umusadege field production for June 2014 and other operations.
June 2014 Production UpdateUmusadege field production during June 2014 averaged 6,793 bopd.
Aggregate Umusadege field downtime during June 2014 was approximately 11.3 days due to (1) a shutdown of the Nigerian Agip Oil Company Limited export pipeline resulting from a lack of storage capacity at the Brass River export terminal due to export shipment delays, and (2) other operational interruptions resulting from general pipeline repairs and maintenance. There were two full down days during the month. The average field production based on producing days was 10,871 bopd in June…
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