Binegedi Project is a producing conventional oil field located onshore Azerbaijan and is operated by Binegedi Operating. The field is located in block Binegedi.

Field participation details

The field is owned by NK RussNeft, Others and State Oil Company of the Azerbaijan Republic.


Production from Binegedi Project

The Binegedi Project conventional oil field recovered 55.00% of its total recoverable reserves, with peak production in 2017. The peak production was approximately 3.14 thousand bpd of crude oil and condensate. Based on economic assumptions, production will continue until the field reaches its economic limit in 2064.


Remaining recoverable reserves

The field is expected to recover 13.12 Mmboe, comprised of 12.94 Mmbbl of crude oil & condensate and 1.06 bcf of natural gas reserves.


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.