Ibot is a conventional oil development located in shallow water in Nigeria and is operated by Mobil Producing Nigeria UnLtd. According to GlobalData, who tracks more than 34,000 active and developing oil and gas fields worldwide, Ibot was discovered in 1979, lies in block OML 67, with water depth of around 243 feet. Buy the profile here.
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 Exxon Mobil and NNPC.
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
For more details on the Ibot 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.
