Balakhanyneft Project is a producing conventional oil field located onshore Azerbaijan and is operated by Azneft Production Association. According to GlobalData, who tracks more than 34,000 active and developing oil and gas fields worldwide, Buy the profile here.
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 66.76% of its total recoverable reserves, with peak production in 2013. The peak production was approximately 5.80 thousand bpd of crude oil and condensate and 1.00 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 11.62 Mmboe, comprised of 11.62 Mmbbl of crude oil & condensate.
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