Balal Gas Field is a conventional gas development located in shallow water in Iran and is operated by Pars Oil and Gas. According to GlobalData, who tracks more than 34,000 active and developing oil and gas fields worldwide, Balal Gas Field was discovered in 2004, lies in block Balal Gas Field, with water depth of around 246 feet. Buy the profile here.
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The project is currently in construction stage and is expected to start commercial production in 2025. The development cost is expected to be $1,290 m. The Balal Gas Field conventional gas development will includes wellhead platform.
Field participation details
The field is owned by National Iranian Oil.
Production from Balal Gas Field
Production from the Balal Gas Field conventional gas development project is expected to begin in 2025 and is forecast to peak in 2035, Based on economic assumptions, the production will continue until the field reaches its economic limit in 2052.
Contractors involved in the Balal Gas Field conventional gas field
Some of the key contractors involved in the Balal Gas Field project as follows.
EPC Contractors: National Iranian Oil and Iranian Offshore Engineering and Construction
Other Contractors: National Iranian Oil and Dana Energy
About Pars Oil and Gas
Pars Oil and Gas Company (POGC), a subsidiary of National Iranian Oil Company is an oil refining company that develops South Pars gas fields and North Pars gas fields. The company offers crude oil and natural gas. Its projects inlcude golshan gas field, ferdowsi gas field, oil layers of south pars, logistic projects. POGC’s logistic projects roads, ports, gas trunk lines, residential district, sea water intake, lood control facilities, welfare facilities, central power project and infrastructure and support facilities. The company also offers support services. POGC is headquartered in Tehran, Iran.
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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.
