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Mart Resources Starts First Production From Umusadege Field
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Mart Resources Starts First Production From Umusadege Field


Mart Resources Incorporated and its partners, Midwestern Oil and Gas Company plc and Suntrust Oil Company Nigeria Limited announced the commencement of crude oil production from the Umusadege oilfield near Kwale in Delta State. Mart Resources said in a statement that first oil production had commenced at the Umusadege field from the XIIb zone of the UMU-1 well. According to the statement, the XIIb and XIIa zones will be flowed individually for a period of approximately 30 days.  The company also said that based upon the results of previous tests, it was anticipated that the production rate during this initial production period would be in the range of 2,000 to 3,000 barrels a day. Following the initial production period, the partners intend to commingle production from the two zones and this is expected to result in an increased production rate from the well...more...

2008-04-25 06:53:20 GMT
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