Azerbaijan, Baku, September 9 /Trend F. Milad/
The third phase of the development of Darkhovin oilfield, in southwest of Iran, started with the goal of increasing output by 60,000 barrels per day (bpd) to 220,000 bpd, said the managing director of Iran's Petroleum Engineering and Development Company.
Nader Qorbani told the IRNA news agency that the third phase is aimed to produce 14,000 barrels of light crude and 46,000 barrels of heavy crude per day.
So far, 28 wells have been drilled at the oilfield in the frame of the first two phases of development plan to produce 160,000 barrels of oil per day, he noted.
In August 2011, the National Iranian Oil Company and a consortium of Iranian companies signed a $1.6 billion contract to develop the third phase of the Darkhovin oilfield.
The project is aimed to daily produce 71,000 barrels of crude oil.
The Darkhovin oilfield's in-place oil reserve is estimated at over five billion barrels.