Bacano is a producing conventional oil field located onshore Colombia and is operated by Parex Resources Colombia. The field is located in block Cabrestero.

Field participation details

The field is owned by Parex Resources.


Production from Bacano

The Bacano conventional oil field recovered 18.86% of its total recoverable reserves, with peak production expected in 2022. The peak production was approximately 5.67 thousand bpd of crude oil and condensate. Based on economic assumptions, production will continue until the field reaches its economic limit in 2068.


Remaining recoverable reserves

The field is expected to recover 28.87 Mmboe, comprised of 28.87 Mmbbl of crude oil & condensate. Bacano conventional oil field reserves accounts 0.01% of total remaining reserves of producing conventional oil fields globally.


Methodology

Information on the field is sourced from GlobalData’s fields database that provides detailed information on all producing, announced and planned oil and gas fields globally. Not all companies mentioned in the article may be currently existing due to their merger or acquisition or business closure.