Balal Oil Field is a producing conventional oil field located in shallow water in Iran and is operated by Iranian Offshore Oil.
An expansion project is associated with the Balal Oil Field, namely Balal Oil Field Development. This project is currently in the commissioning stage.
Field participation details
The field is owned by National Iranian Oil.
Production from Balal Oil Field
The Balal Oil Field conventional oil field recovered 70.36% of its total recoverable reserves, with peak production in 2004. The peak production was approximately 41.9 thousand bpd of crude oil and condensate. Based on economic assumptions, production will continue until the field reaches its economic limit in 2047.
Remaining recoverable reserves
The field is expected to recover 65.29 Mmboe, comprised of 65.29 Mmbbl of crude oil & condensate. Balal Oil Field conventional oil field reserves accounts 0.01% of total remaining reserves of producing conventional oil fields globally.
Contractors involved in the Balal Oil Field conventional oil field
The key contractors involved in the Balal Oil Field project as follows.
Other Contractors: Sazeh Consultants
About Iranian Offshore Oil
Iranian Offshore Oil Co (IOOC), a subsidiary of National Iranian Oil Co, is an oil and gas exploration and production company. The company carries the activities of exploration, production and development of oil and gas fields. Its services include renovating and reconstructing the installations, improving the production methods and conservation of oil and gas reserves. IOOC also performs storage engineering, descriptive drilling and general engineering and construction activities. The company has operations across Bahregan, Kharg, Siri, Lavan, Qeshm, Kish in Iran. IOOC is headquartered in Tehran, Iran.
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.