Emadeb Petroleum Exploration & Production Company Limited (Emadeb E&P) has announce the achievement of first oil from the Ibom Field (PPL 236), marking another milestone in Nigeria’s upstream oil and gas industry.
The company, in a statement signed by its management said that the achievement underscores its emergence as a fully integrated energy player and highlights the pivotal role of indigenous operators in advancing Nigeria’s energy security and economic diversification.
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.
It explained that 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.
“Following sustained investment, technical rigour and collaborative effort, Emadeb E&P has commenced commercial production from Ibom Field. The achievement underscores its 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.
“This milestone reflects our deep commitment to unlocking Nigeria’s hydrocarbon potential through homegrown expertise, strong partnerships, and disciplined investment.
“We are proud to contribute to Nigeria’s energy goals, foster local content, create jobs, and deliver sustainable value,” said Adebowale Olujimi, CEO, Emadeb E&P.
Read also: FG expresses satisfaction with increase in oil, gas output
According to Olujimi, 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 company disclosed plans 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.”
