Balal Oilfield’s Output to Reach 40 Thousand B/D

Source: Shana 8/15/2011, Location: Asia

Oil production from Balal oil field in the Persian Gulf waters is expected to reach 40 thousand barrels per day in near future.

Speaking to Shana reporter, Mahmoud Zirakchianzade, managing director of the National Iranian Offshore Oil Company (NIOOC) made the above remarks adding the company also plans to extract 500 million cubic feet of gas per day from the field.

Referring to the completion of Balal oil field’s first phase’s master development plan (MDP) by the Research Institute of the Petroleum Industry (RIPI), the executive also said master development plans of the second phase plus studies on gas reserves of the field, that is estimated to be at six trillion cubic feet, are underway by the institute.


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