Ibigwe is a producing heavy oil field located onshore Nigeria and is operated by Waltersmith Petroman Oil. According to GlobalData, who tracks more than 34,000 active and developing oil and gas fields worldwide, the field is located in block Ibigwe (OML 16). Buy the profile here.

Field participation details

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

Production from Ibigwe

The Ibigwe heavy oil field recovered 35.52% of its total recoverable reserves, with peak production in 2021. The peak production was approximately 7.99 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 34.27 Mmboe, comprised of 34.27 Mmbbl of crude oil & condensate. Ibigwe heavy oil field reserves accounts 0.08% of total remaining reserves of producing heavy oil fields globally.

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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.