Midwestern Oil & Gas Company Limited commenced operations in 2001 and upstream activities in 2005. The Company is owned by the Delta State Government and a group of Nigerian entrepreneurs. In 2003 the Company was awarded 70% interest in Umusadege Field located in OML 56 which is situated at the northern area of Delta State, Nigeria. Midwestern is the operator of the field in a strategic alliance with Suntrust Oil Company Nigeria Limited and Mart Energy Services Limited. Sequel to field activities, first oil was achieved by the stakeholders of Umusadege field in April, 2008 at flow rates of around 3,000bopd from re-entry of the Umusadege-1 well. This has been rapidly increased to approximately 15,000bopd through additional development drilling.
Vision and Mission
OUR VISION is to become a model indigenous oil and gas producer in terms of profitability and community coexistence. OUR MISSION is leveraging on best assets in our people, facilities and through unflagging innovation for the continuous benefit of all our stakeholders. To achieve the above, the following success factors have been identified to be critical:
- Peaceful coexistence with our host communities.
- Approvals as and when required from the MPR and DPR.
- Competent and committed Technical Partnership.
- Successful evacuation of our hydrocarbon products.
- A competent and dedicated staff.
- Credible HSE plans and performance.
- Adequate controls for all activities.
- Availability of funds as required for defined objectives.
- Communication flow with all stakeholders.
Our corporate values are expressed as follows:
- They are the organization's most important assets.
- They need to be trained and motivated for assigned duties.
- They deserve both respect and a conducive environment in which to work and realize their full potentials.
- We must not only be honest in all our activities, but must also be acknowledged to be such by all upstream and other people and companies with whom we interact.
- We believe in what we say, say what we believe, and act accordingly.
- Any organism that does not learn eventually dies. This is true for all living beings as well as thriving organizations.
- Therefore there is continuous training of staff in their present and anticipated duties while the Company continues with its steep learning curve of the upstream sector of the oil industry.
- All processes and activities should be seen to be creating some value. Thus, fitness-for-purpose is a key attribute.
- Midwestern must create and install operational systems that work and are sustainable.