Balakhanyneft Project is a producing conventional oil field located onshore Azerbaijan and is operated by Azneft Production Association.
Field participation details
The field is owned by State Oil Company of the Azerbaijan Republic.
Production from Balakhanyneft Project
The Balakhanyneft Project conventional oil field recovered 63.39% of its total recoverable reserves, with peak production in 2013. The peak production was approximately 5.8 thousand bpd of crude oil and condensate and 1 Mmcfd of natural gas. Based on economic assumptions, production will continue until the field reaches its economic limit in 2057.
Remaining recoverable reserves
The field is expected to recover 12.8 Mmboe, comprised of 12.8 Mmbbl of crude oil & condensate.
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.