Canada-based Mart Resources Inc. said production from its Nigerian core strategic asset Umusadege field was 16,567 barrels of oil on February 16, 2014, which was a new record production day for the field.
The international oil and gas company focused on production and development opportunities in the highly prolific Niger Delta region said crude oil production from the Umusadege field averaged 8,083 barrels of per day (bpd) during February based on calendar days, adding that average field production based on production days was 14,342 bpd during the month.
Mart and its coventurers, Midwestern Oil and Gas Company Plc. (operator of the Umusadege field) and SunTrust Oil Company Limited, in an update on Umusadege field production for February 2014 and other operations released on Tuesday, said aggregate downtime during the month was about 12 days due mainly to a shutdown of the Nigerian Agip Oil Company Limited (NAOC) export pipeline resulting from a lack of storage capacity at the Brass River export terminal due to export shipment delays, combined with other minor operational interruptions.
Total net crude oil deliveries into the NAOC export pipeline from the Umusadege field for February were approximately 206,700 barrels before pipeline losses, according to the update posted on the company’s website.
“Pipeline and export facility losses reported by NAOC and allocated to Mart and its co-venturers for January 2014 were 32,272 barrels, or 9.4 percent of total crude oil deliveries into the export pipeline for that month.”
As previously announced, total net crude oil deliveries into the export pipeline from the
Umusadege field for January were approximately 343,800 barrels, the company said, adding that after deducting the actual pipeline and export facility losses allocated for January, the total net crude oil deliveries less losses for January were approximately 311,500 barrels.
The company said pipeline and export facility losses for February have not yet been reported by NAOC.
According to the statement, construction activities on the Umugini pipeline are progressing, and pipeline construction is expected to be completed in the first half of 2014. This programme is expected to add as much as 35,000 barrels per day of additional pipeline capacity.
“Surveying and clearing of the right of way for the final section of the Umugini pipeline has commenced. Pipeline commissioning will occur following completion of pipeline construction and installation of pipeline pumping, monitoring and control facilities,” it said.
FEMI ASU
