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November 25, 2021updated 27 Apr 2022 12:33pm

Binak Conventional Oil Field, Iran

By Carmen

Binak is a producing conventional oil field located onshore Iran and is operated by National Iranian South Oil. The field has water depth of 13 feet.

An expansion project is associated with the Binak, namely Binak Development . This project is currently in the feasibility stage.

Field participation details

The field is owned by National Iranian Oil.


Production from Binak

The Binak conventional oil field recovered 71.99% of its total recoverable reserves, with peak production in 2000. The peak production was approximately 30.28 thousand bpd of crude oil and condensate. Based on economic assumptions, production will continue until the field reaches its economic limit in 2056.


Remaining recoverable reserves

The field is expected to recover 72.81 Mmboe, comprised of 72.81 Mmbbl of crude oil & condensate. Binak conventional oil field reserves accounts 0.02% of total remaining reserves of producing conventional oil fields globally.


Contractors involved in the Binak conventional oil field

The key contractors involved in the Binak project as follows.

Other Contractors: National Iranian Oil

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.

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