Baku, Azerbaijan, Dec. 31
By Fatih Karimov - Trend:
Two new wells were drilled at Iran's South Yaran oilfield, which is associated with Iraq.
To date, some 11,328 meters of wells have been drilled at the oilfield, Iran's Shana news agency reported on Dec. 31.
Yaran oilfield is estimated to hold 1.1 billion barrels of in-situ crude oil. Yaran is one of the Iranian oilfields located in the oil-rich West Karoun region in Southwestern Iran.
West Karoun oilfields are currently producing 300,000 barrels per day.
The production capacity is scheduled to reach 1.4 million barrels per day by 2021.