In 2003, Midwestern Oil & Gas Company Limited 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 while SunTrust Oil Company Limited its Joint Venture Partner holds 30% interest which is jointly held by Mart Umusadege Resources Nigeria Limited, the Risk Service Provider to the Joint Venture. In 2005, Midwestern Oil & Gas Company Limited commenced its upstream activities.
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Umugini Pipeline Infrastructure Ltd (UPIL) is an indigenous Oil and Gas company formed as a Special Purpose Vehicle (SPV) between Midwestern Hydrocarbon Pipeline Company (MPCL) and Energia JV (Energia) in 2011 to take advantage of opportunities in the oil and gas production around the OML 56 area.
Mart Umusadege Resources Nigeria Limited (MURNL) is an oil and gas company committed to building substantial shareholder value through effective deployment of technical and financial resources to oil and gas fields. Mart’s core strategic asset is the Umusadege field developed in partnership with Midwestern Oil and Gas (Operator) and Sun Trust Oil under a Risk Service Agreement.
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