Wednesday, March 18, 2026
27.3 C
Lagos

Emadeb Petroleum Achieves First Oil from Ibom Field

Emadeb Petroleum Exploration & Production Company Limited (Emadeb E&P) is proud to announce the achievement of first oil from the Ibom Field (PPL 236), marking another milestone in Nigeria’s upstream oil and gas industry.

Following sustained investment, technical rigour and collaborative effort, Emadeb E&P has commenced commercial production from Ibom Field.

This achievement underscores Emadeb E&P’s emergence as a fully integrated energy player and highlights the pivotal role of indigenous operators in advancing Nigeria’s energy security and economic diversification.

It also aligns with the Federal Government of Nigeria’s vision and aspiration to increase the nation’s crude oil production.

Ibom Field

Located approximately 30 kilometres offshore, Ibom Field was originally discovered in 1979. The field boasts significant in place volume of 103 million barrels of oil.

Since its acquisition in the 2020 Marginal Field Bid Round, Emadeb E&P has invested over $100 million in a phased field development programme. The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) approved the Ibom Field Development Plan (FDP) in November 2024.

Key Technical Milestones

  • Successful drilling and completion of the Ibom-03 well in September 2023.
  • Integration of a Mobile Producing Offshore Unit (MOPU) completed in June 2025.
  • Commissioning of the Ibom Field Mooring System in September 2025.
  • First oil achieved in October 2025. 

Demonstrating Indigenous Capacity and Strategic Partnership

“This milestone reflects our deep commitment to unlocking Nigeria’s hydrocarbon potential through homegrown expertise, strong partnerships, and disciplined investment,” said Adebowale Olujimi, CEO, Emadeb E&P.

Olujimi declared: “We are proud to contribute to Nigeria’s energy goals, foster local content, create jobs, and deliver sustainable value.”

The Ibom Field development showcases effective collaboration between the private sector and government institutions and stands as a model for marginal field commercialisation and indigenous capacity development in the upstream sector.

The Ibom Field stands as a testament to what is achievable when strategic intent meets execution excellence.

Looking Ahead

Emadeb E&P is now preparing for Phase 2 development to drill two additional wells that will triple production by Q4 2026. The company remains focused on operational excellence, environmental stewardship, safety, and community engagement.

 

spot_img
spot_img
spot_img

Hot this week

Guinea Insurance Holds Signing Ceremony for N5.8bn Rights Issue

Mrs. Chioma Okigbo (Non-Executive Director), Mr. Samuel Onukwue (Non-Executive Director), Mr....

NLNG Expands VIBES Programme with Induction of 103 New Beneficiaries

NLNG’s economic empowerment initiative, the Vocational Innovation Business and...

PalmPay Commits to Gender Balance in Fintech Space @ Purple Woman 3.0

L-R: Olorunfemi Hanson, Head of Marketing, PalmPay Nigeria; Kemi...

Nigeria’s Reforms Driving Strong Domestic Capital Mobilisation, Says NGX Group CEO

The Group Managing Director/Chief Executive Officer of Nigerian Exchange...

NCDMB: 33 Engineers Begin Training in Pipeline Pigging, Corrosion Control

Thirty-three young graduates of engineering, geology and related disciplines...

Topics

A.M. Best: UK Non-Life Insurers’ Profits under Pressure

Profit margins in the U.K. non-life insurance sector are...

Fidelity Bank CEO: Why Banks Lend Short-Term

Bank deposits are mainly short-term in nature and lending...

NCC, NAICOM, SEC, PenCom, Others for SUPERNEWS Conference April 27

SUPERNEWS Nigeria will on Thursday, April 27, 2023 bring...

GOCOP Partners NCDMB, NCC, Dangote, NCAA, UBA for 2024 Conference

Partners for the eighth annual conference of the Guild...

Ecobank Nigeria Launches AI, Digital Skills Training for Children in Lagos Schools

Some members of staff of Ecobank Nigeria, Opolo Global...

Leadway Group Graduates Young Developers to Boost Nigeria’s Tech Talent Pool

Leadway Group, Nigeria’s leading non-banking financial services group, has...

American XL Catlin Opens Africa-Focused Reinsurance Unit

US insurance and reinsurance specialist XL Catlin announced in...
spot_img

Related Articles

Popular Categories

spot_imgspot_img