Receive our newsletter – data, insights and analysis delivered to you
  1. Market Data
November 25, 2021updated 26 Nov 2021 5:31am

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.

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.


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.

Content from our partners
Green investment: What gives Scotland multiple advantages
How the North of Tyne region is leveraging its legacy to define its future
Q&A with Chevron Lubricants’ Paul Sly, global industrial OEM specialist, and Nathan Knotts, global brand technical manager
Related Companies

NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. The top stories of the day delivered to you every weekday. A weekly roundup of the latest news and analysis, sent every Friday. The industry's most comprehensive news and information delivered every month.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU