Project Profile
Value: Undisclosed
Location: Offshore Lavan Island in the Persian Gulf, eastern part of the giant South Pars field, Iran
Production: 40,000 b/d
Reserves: 183 MMbbl
Length: 100 km
Area: Unknown
Start-up Year: -
Balal field is an oilfield located offshore Lavan Island in the Persian Gulf. Production from the Balal oil field is heading toward 40,000 b/d. National Iranian Offshore Oil Co. (NIOOC) plans to extract 6 tcf from the field under a second development phase. The Balal gas layer is a continuation of the eastern part of the giant South Pars field. Balal’s recoverable gas condensates are estimated at 183 MMbbl. Balal’s platform was designed to process 40,000 b/d of oil and 33,000 b/d of water for three years. Currently oil production is at 30,000 b/d, but it should recover to 40,000 b/d following installation of downhole pumps and repairs to the producer wells. The field was originally developed under Iran’s buyback arrangement by a consortium including Elf and Agip. It has been in production for a decade. The oil is sent to Lavan Island through a 100-km (62-mi), 14-in. (35.6-cm) pipeline, where it is exported following blending with oil from the Salman field.
Operators:
National Iranian Offshore Oil Co. (NIOOC): Operator with 100% interest
Contractor:
Kogas: Technical studies of the gas layers of the Balal field. (May 2016)