ABUJA, Nigeria (VOICE OF NAIJA)-Emadeb Petroleum Exploration & Production Company Limited has achieved first oil from the Ibom Field (PPL 236), signalling a major boost for Nigeria’s upstream oil and gas sector.
In a statement issued on Friday, the company said the commencement of commercial production followed sustained investment, technical rigour and months of coordinated work across its operations.
The company explained that the achievement reflects its growth into a fully integrated energy player, while also underscoring the increasing contribution of indigenous operators to the nation’s energy security and economic diversification goals.
It added that the development aligns with the Federal Government’s ongoing push to ramp up crude oil production.
Located about 30 kilometres offshore and discovered in 1979, the Ibom Field contains an estimated 103 million barrels of oil in place.
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Emadeb E&P noted that since acquiring the field during the 2020 Marginal Field Bid Round, it has invested more than $100m in developing the asset, a plan approved by the Nigerian Upstream Petroleum Regulatory Commission in November 2024.
The company listed the drilling and completion of the Ibom-03 well in September 2023, the integration of a Mobile Producing Offshore Unit in June 2025, and the commissioning of the mooring system in September 2025 as key milestones leading to the first oil achieved in October 2025.
“This milestone reflects our deep commitment to unlocking Nigeria’s hydrocarbon potential through homegrown expertise, strong partnerships, and disciplined investment,” the CEO, Adebowale Olujimi, said.
He added: “We are proud to contribute to Nigeria’s energy goals, foster local content, create jobs, and deliver sustainable value.”
Emadeb E&P said the Ibom Field project demonstrates what is possible when regulatory cooperation and private-sector execution align, describing the field as proof of rising local capacity in the upstream segment.
The company added that it is preparing for the second phase of development, which involves drilling two additional wells expected to triple output by the fourth quarter of 2026.
It restated its commitment to operational efficiency, safety, environmental responsibility and community engagement as the project progresses.