Bacano is a producing conventional oil field located onshore Colombia and is operated by Parex Resources Colombia. According to GlobalData, who tracks more than 34,000 active and developing oil and gas fields worldwide, the field is located in block Cabrestero. Buy the profile here.
Field participation details
The field is owned by Parex Resources.
Production from Bacano
The Bacano conventional oil field recovered 16.71% of its total recoverable reserves, with peak production expected in 2023. The peak production was approximately 9.50 thousand bpd of crude oil and condensate. Based on economic assumptions, production will continue until the field reaches its economic limit in 2068. The field currently accounts for approximately 1% of the country’s daily output.
Remaining recoverable reserves
The field is expected to recover 48.20 Mmboe, comprised of 48.20 Mmbbl of crude oil & condensate. Bacano conventional oil field reserves accounts 0.01% of total remaining reserves of producing conventional oil fields globally.
About Parex Resources Colombia
Parex Resources Colombia Ltd (Parex Resources) is an oil and gas exploration and development company. Parex Resources is headquartered in Colombia.
For more details on the Bacano Conventional Oil Field, buy the profile here.
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GlobalData, the leading provider of industry intelligence, provided the underlying research used to produce this article.
This information is drawn from GlobalData’s Oil & Gas Intelligence Center, which provides detailed profiles of 34,000+ oil and gas fields, 400,000+ exploration blocks, 1,100+ LNG terminals, 3,400+ gas processing plants, 5,000+ storage terminals, and 8,000+ pipelines, 1,400+ refineries and 13,000+ petrochemical plants worldwide.
