BAKU, Azerbaijan, September 25. Iran is expected to spend $230 million within the framework of the contract for the development of the Bilal gas field, which is a joint gas field with Qatar, Trend reports.
Bilal gas field is a joint gas field between Iran and Qatar. This field is estimated to contain about 3 trillion cubic feet (about 85 billion cubic meters) of gas and 100 million barrels of gas condensate. Iran intends to produce 500 million cubic feet (about 14 million cubic meters) and 15,000 barrels of gas condensate daily from this field.
On September 14, 2019, a contract on the development of the Bilal gas field was signed between Iran's Petropars Operation and Management Company (POMC) and Pars Oil and Gas Company (POGC).
Within the contract, the development of Iran's Bilal gas field was entrusted by Pars Oil and Gas Company to Iran's Petropars Company.
According to the contract, a platform for the field should be built and installed, pipelines should be laid, and eight wells should be drilled. The goal is to produce 500 million cubic feet (about 14 million cubic meters) of gas per day from the field.
As of September 25, 2023, the drilling of 8 wells was started in the direction of the contract on the development of the Bilal gas field.
Under the contract, PetroPars Oil Well Services Company (POSCO), operating under PetroPars Company, will drill six development wells, one delineation well (evaluation study), and one discovery well in the Bilal gas field. The wells are expected to be drilled and completed within 32 months.
---
Follow the author on Twitter:@BaghishovElnur
