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  1. Market Data
April 28, 2022

Belbazem Offshore Block Conventional Oil Field, UAE

By Carmen

Belbazem Offshore Block is a conventional oil development located in shallow water in the UAE and is operated by Al Yasat Petroleum Operations. Belbazem Offshore Block lies in block Al Yasat Offshore, with water depth of around 121 feet.

The project is currently in construction stage and is expected to start commercial production in 2023. The development cost is expected to be $1,000 m.

Field participation details

The field is owned by China National Petroleum and Abu Dhabi National Oil.


Production from Belbazem Offshore Block

Production from the Belbazem Offshore Block conventional oil development project is expected to begin in 2023 and is forecast to peak in 2024, to approximately 45,000 bpd of crude oil and condensate and 27 Mmcfd of natural gas. Based on economic assumptions, the production will continue until the field reaches its economic limit in 2085.


Remaining recoverable reserves

The field is expected to recover 450.34 Mmboe, comprised of 409.4 Mmbbl of crude oil & condensate and 245.64 bcf of natural gas reserves.


Contractors involved in the Belbazem Offshore Block conventional oil field

Some of the key contractors involved in the Belbazem Offshore Block project as follows.

Design/FEED Engineering: National Marine Dredging, Petrofac and SNC-Lavalin Group

Main EPC: National Marine Dredging

Other Contractors: 3W Networks, McDermott International, Mott MacDonald Group and SNC-Lavalin Group

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.

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