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Production begins at Akwa Ibom oilfields

12 May 2015, 19:41

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.

Also read: Oil giant Total sells oil field stake for $569 mn

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 first oil.”

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

Tags exxon lagos oil

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