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November 23, 2021updated 28 Apr 2022 5:48am

Ibot Conventional Oil Field, Nigeria

By Carmen

Ibot is a conventional oil development located in shallow water in Nigeria and is operated by Mobil Producing Nigeria UnLtd. Discovered in 1979, Ibot lies in block OML 67, with water depth of around 243 feet.

The project is currently in approval stage and is expected to start commercial production in 2026. The Ibot conventional oil development will involve the drilling of approximately three wells and includes wellhead platform.

Field participation details

The field is owned by Nigerian National Petroleum and Exxon Mobil.

Production from Ibot

Production from the Ibot conventional oil development project is expected to begin in 2026 and is forecast to peak in 2028, to approximately 29,772 bpd of crude oil and condensate. Based on economic assumptions, the production will continue until the field reaches its economic limit in 2060.

Remaining recoverable reserves

The field is expected to recover 103.08 Mmboe, comprised of 103.08 Mmbbl of crude oil & condensate.

Contractors involved in the Ibot conventional oil field

The key contractors involved in the Ibot project as follows.

Other Contractors: Ariosh


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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