Ikike is a conventional oil development located in shallow water in Nigeria and is operated by Total E&P Nigeria. Discovered in 1977, Ikike lies in block OML 99 (OPL 93P), with water depth of around 66 feet.
The project is currently in commissioning stage and is expected to start commercial production in 2022. Final investment decision (FID) of the project was approved in 2019. The development cost is expected to be $473 m. The Ikike conventional oil development will involve the drilling of approximately five wells and includes wellhead platform.
Field participation details
The field is owned by Nigerian National Petroleum and TotalEnergies.
Production from Ikike
Production from the Ikike conventional oil development project is expected to begin in 2022 and is forecast to peak in 2022, to approximately 44,891 bpd of crude oil and condensate and 30 Mmcfd of liquid natural gas. Based on economic assumptions, the production will continue until the field reaches its economic limit in 2038.
Remaining recoverable reserves
The field is expected to recover 77.41 Mmboe, comprised of 69.6 Mmbbl of crude oil & condensate and 46.87 bcf of liquid natural gas reserves.
Contractors involved in the Ikike conventional oil field
Some of the key contractors involved in the Ikike project as follows.
Design/FEED Engineering: DORIS Engineering
EPC Contractors: Energy Works Technology, Eni and IGPES Group
Other Contractors: Crestech Engineering, Shelf Drilling, The Techint Group and Tirex Petroleum and Energy
About Total E&P Nigeria
Total E&P Nigeria Limited (TEPNG), formerly Elf Petroleum Nigeria Limited is engaged in exploration and production of oil and gas.
Methodology
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.