Binak is a producing conventional oil field located onshore Iran and is operated by National Iranian South Oil. According to GlobalData, who tracks more than 34,000 active and developing oil and gas fields worldwide, the field has water depth of 13 feet. Buy the profile here.
An expansion project is associated with the Binak, namely the 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 74.61% 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 2062.
Remaining recoverable reserves
The field is expected to recover 71.79 Mmboe, comprised of 71.79 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
For more details on the Binak 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.
