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  1. Market Data
May 5, 2022

Ibigwe Heavy Oil Field, Nigeria

By Carmen

Ibigwe is a producing heavy oil field located onshore Nigeria and is operated by Waltersmith Petroman Oil. The field is located in block Ibigwe (OML 16).

Field participation details

The field is owned by Morris Petroleum and Waltersmith Petroman Oil.

Production from Ibigwe

The Ibigwe heavy oil field recovered 52.29% of its total recoverable reserves, with peak production in 2018. The peak production was approximately 4.92 thousand bpd of crude oil and condensate. Based on economic assumptions, production will continue until the field reaches its economic limit in 2062.

Remaining recoverable reserves

The field is expected to recover 12.55 Mmboe, comprised of 12.55 Mmbbl of crude oil & condensate. Ibigwe heavy oil field reserves accounts 0.03% of total remaining reserves of producing heavy oil fields globally.


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.

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