Lagos - Universal Energy Resources Ltd has
announced the commencement of crude oil production from its Stubb Creek Field
in Akwa Ibom State.
This follows the approval to embark on delivery of oil
through Exxon Mobil’s Qua Iboe Terminal, which came on-stream in February.
With this achievement, Universal Energy has joined the
league of marginal oil field producing companies in Nigeria, having successfully
completed the construction of an Early Production Facility and building of the
necessary 23 km pipeline from the Stubb Creek Field to Exxon Mobil’s Qua Iboe
Terminal to enable evacuation and delivery. Commercial oil production from the
Stubb Creek Field is at an initial gross rate of 2,000 bpd with plans to
increase the processing capacity to 8 000 barrels per day.
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Bassey Umoh, Managing Director, Universal Energy, said his
company had achieved a major milestone in the long term development plan for
the Stubb Creek Field.
“The marginal field round was executed with the aim of
enabling domestic companies to bring smaller marginal fields on-stream and we
are proud to have achieved this,” Umoh said.
“As a team, Universal
Energy wishes to ‎express sincere appreciation and thanks to everyone
who provided support and significantly contributed to the successful completion
of the Stubb Creek Early Production Facility Project in Unyenge, Mbo Local
Government Area; from conceptualisation, through to development and achieving
Umoh said Universal
Energy appreciated the support of the Federal Government of Nigeria and its
functionaries, the Akwa Ibom State Government, relevant Government Regulatory
Agencies including Department of Petroleum Resources (DPR), Federal Ministry of
Environment (FMEN), Federal Ministry of Trade and Industry (FMTI), Nigerian
National Petroleum Cooperation (NNPC) Commercial Division, Nigeria Content
Development Management Board (NCDMB) as well as Nigeria Security Agencies.
“Lastly but most importantly, we would like to commend our
host communities in Akwa Ibom State for their support in creating a conducive
environment for our operations and granting us access to operate in the
immediate and outer communities.”
- CAJ News