Ikike is a producing conventional oil field located in shallow water in Nigeria and is operated by Total E&P Nigeria. According to GlobalData, who tracks more than 34,000 active and developing oil and gas fields worldwide, the field is located in block OML 99 (OPL 93P), with water depth of 66 feet. Buy the profile here.
Field participation details
The field is owned by NNPC and TotalEnergies.
Production from Ikike
The Ikike conventional oil field recovered 23.53% of its total recoverable reserves, with peak production in 2022. The peak production was approximately 44.89 thousand bpd of crude oil and condensate and 30 Mmcfd of liquid natural gas. Based on economic assumptions, production will continue until the field reaches its economic limit in 2038. The field currently accounts for approximately 2% of the country’s daily output.
Remaining recoverable reserves
The field is expected to recover 59.19 Mmboe, comprised of 53.20 Mmbbl of crude oil & condensate and 35.93 bcf of liquid natural gas reserves. Ikike conventional oil field reserves accounts 0.01% of total remaining reserves of producing conventional oil fields globally.
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.
For more details on the Ikike Conventional Oil Field, buy the profile here.