State-run Qatar Petroleum will re-develop the Bul Hanine offshore oil field with an investment of QAR40bn ($10.7bn) to extend its life and increase its output.
With the investment on the field off Qatar’s east coast, the company expects to produce 90,000bpd of crude oil by 2020, while it currently produces around 40,000bpd, reported Reuters.
Qatar Petroleum said that the magnitude of this investment reflects the scope of the project, which includes new offshore central production facilities and a new onshore gas liquids processing facility at Mesaieed.
The company said: "This will be marked by a massive drilling campaign of about 150 new wells between now and the year 2028."
The key reservoir and field-wide studies have been undertaken, including seismic surveys, in order to re-assess the reserves and the long-term production prospects for each field.
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By GlobalDataIn addition, the new wells will be drilled from the existing and modified well-head jacket, as well as from 14 new well-head jackets.
All well-head stream fluids will be processed in the new offshore central complex, comprising production, compression, utility and living quarter platforms, with topside weights ranging from 4,000t to 14,000t.
Minister of Energy and Industry and Qatar Petroleum chairman H.E. Dr Mohammed bin Saleh Al-Sada said: "This important project is part of a development and production strategy based on maximum recovery of reserves through the longest possible plateau of sustainable production levels.
"It will help boost Qatar’s oil production capacity and reinforce its position as a reliable energy provider."
Image: The redevelopment is part of a comprehensive plan currently being implemented to raise the efficiency of the producing fields. Photo: courtesy of freedigitalphotos.net/num skyman.
