Bilabri Oil is a conventional oil development located in shallow water in Nigeria and is operated by Peak Petroleum Industries Nigeria. Discovered in 1973, Bilabri Oil lies in block OML 122 (OPL 460P), with water depth of around 476 feet.
The project is currently in feasibility stage and is expected to start commercial production in 2023. The Bilabri Oil conventional oil development will involve the drilling of approximately three wells.
Field participation details
The field is owned by Oando and Peak Petroleum Industries Nigeria.
Production from Bilabri Oil
Production from the Bilabri Oil conventional oil development project is expected to begin in 2023 and is forecast to peak in 2024, to approximately 3,254 bpd of crude oil and condensate. Based on economic assumptions, the production will continue until the field reaches its economic limit in 2065.
Remaining recoverable reserves
The field is expected to recover 13.23 Mmboe, comprised of 13.23 Mmbbl of crude oil & condensate.
Contractors involved in the Bilabri Oil conventional oil field
Some of the key contractors involved in the Bilabri Oil project as follows.
Other Contractors: Bergesen Worldwide Offshore (Nigeria), Degeconek Nigeria and Havilah Energy
Information on the field is sourced from GlobalData’s fields database that provides detailed information on all producing, announced and planned oil and gas fields globally. Not all companies mentioned in the article may be currently existing due to their merger or acquisition or business closure.