Bilabri Oil is a conventional oil development located in shallow water in Nigeria and is operated by Peak Petroleum Industries Nigeria. According to GlobalData, who tracks more than 34,000 active and developing oil and gas fields worldwide, Bilabri Oil was discovered in 1973, lies in block OML 122 (OPL 460P), with water depth of around 476 feet. Buy the profile here.
The project is currently in feasibility stage and is expected to start commercial production in 2024. The Bilabri Oil conventional oil development will involve the drilling of approximately three wells and includes FPSO.
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 2024 and is forecast to peak in 2025, 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 2066.
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
For more details on the Bilabri Oil Conventional Oil Field, buy the profile here.
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GlobalData, the leading provider of industry intelligence, provided the underlying research used to produce this article.
This information is drawn from GlobalData’s Oil & Gas Intelligence Center, which provides detailed profiles of 34,000+ oil and gas fields, 400,000+ exploration blocks, 1,100+ LNG terminals, 3,400+ gas processing plants, 5,000+ storage terminals, and 8,000+ pipelines, 1,400+ refineries and 13,000+ petrochemical plants worldwide.
