Why it matters:
The expansion strengthens Iran’s position in the global energy market and enhances its ability to meet domestic demand. The project also underscores Iran’s commitment to maximizing production from its shared offshore resources amid ongoing regional energy competition.
The big picture:
The development of the Belal Gas Field is part of Iran’s broader strategy to expand natural gas output. The project is expected to boost the country’s total production capacity by 50%, contributing both to domestic consumption and potential exports.
What he’s saying:
Ehsan Mohammadi, the project contractor: "Following the installation of the wellhead jacket and the rig, drilling operations for the Iran-Qatar shared gas field will begin."
He adds: "Iran’s gas condensate production will also rise by 10,000 barrels per day once the project is completed."
Key points:
- Belal Gas Field comprises eight wells, expected to significantly increase Iran’s extraction capabilities.
- National Iranian Oil Company has commissioned PetroPars as the general contractor.
- Iranian Offshore Engineering and Construction Company is handling the well deck.
- Iranian Petropars Oilfield Services Company is responsible for drilling operations.
Go deeper:
As Iran seeks to modernize its oil and gas infrastructure despite sanctions and geopolitical challenges, the Belal project demonstrates its capability to advance offshore development with domestic firms.
Iran Marks 74th Anniversary of Oil Industry Nationalization
Mojtaba Darabi
