Ibhubesi is a conventional gas development located in shallow water in South Africa and is operated by Sunbird Energy (Ibhubesi). According to GlobalData, who tracks more than 34,000 active and developing oil and gas fields worldwide, Ibhubesi was discovered in 1981, lies in block Block 2A, with water depth of around 806 feet. Buy the profile here.
The project is currently in feed stage and is expected to start commercial production in 2025. The development cost is expected to be $1,411 m. The Ibhubesi conventional gas development will involve the drilling of approximately 14 wells and includes FPSO, subsea manifold, subsea tree, and tension leg platforms.
Field participation details
The field is owned by CEF (SOC) and Sunbird Energy (Ibhubesi).
Production from Ibhubesi
Production from the Ibhubesi conventional gas development project is expected to begin in 2025 and is forecast to peak in 2040, to approximately 682 bpd of crude oil and condensate and 80 Mmcfd of natural gas. Based on economic assumptions, the production will continue until the field reaches its economic limit in 2050.
Remaining recoverable reserves
The field is expected to recover 95.50 Mmboe, comprised of 4.81 Mmbbl of crude oil & condensate and 544.08 bcf of natural gas reserves.
Contractors involved in the Ibhubesi conventional gas field
Some of the key contractors involved in the Ibhubesi project as follows.
Other Contractors: John Wood Group, RPS Group, MHA Petroleum Consultants, SLR Management and Linch-pin
For more details on the Ibhubesi Conventional Gas 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.
