The field is about 120km to the east of the Qatari coastline.
The project, which is at the pre-front-end-engineering design stage, is one of the largest to be managed and executed by QP.
It is designed to prolong the field's life by countering its production decline and doubling its oil production rate.
Qatari Minister for Energy and Industry and QP chairman Dr Mohammed bin Saleh Al-Sada said the project was part of a development and production plan based on maximum recovery of reserves through the longest possible plateau of sustainable production levels.
The Bul Hanine redevelopment is part of a wider program by Qatar to redevelop oil fields that were originally developed with older technology to ensure steady production levels. That program includes the Dukhan field.
Major reservoir and field-wide studies have been undertaken - including seismic surveys - to reassess the reserves and the long-term production prospects for each field.
This has been carried out using improved oil recovery techniques and full field redevelopment plans as well as the latest cutting-edge technology and computer modelling and processing.
The project scope includes offshore central production facilities and an onshore gas liquids processing facility at Mesaieed.
This will be marked by a massive drilling campaign of about 150 wells by the year 2028.
Wells will be drilled from the existing or modified well-head jackets as well as from 14 new wellhead jackets.
Both new and modified wellhead jackets, in addition to associated production and injection flowlines, will form parts of the project works.
All wellhead stream fluids will be processed in the offshore central complex, comprising production, compression, utility and living quarter platforms, with topsides weight ranging from 4000t to 14,000t.
Produced oil will be sent to Halul Island for export.
The produced sour rich gas of about 900 million cubic feet per day will travel via a 150km subsea pipeline to a gas treatment facility in Mesaieed for products recovery where lean sweet gas will be sent via a subsea pipeline back to the offshore facilities for compression and injection.
