Two Iranian oilfields to come on stream in near future
Azerbaijan, Baku, Oct.6/ Trend F.Milad/
Two oilfields, namely Sarvestan and Sa'adat Abad, located in central parts of Iran, will start production in the near future with the total projected output of around 15,000 barrels per day, the Shana News Agency quoted managing director of the National Iranian Central Oilfields Company Mehdi Fakour as saying.
The fields have started early production, he said, adding that the output will finally reach 25,000 bpd.
The two oilfields hold an estimated in-situ reserve of 1.402 billion barrels of crude oil, Shana reported.
On September 25, Fakour said Iran will start early production at the two oilfields by the next three months.
At present, 10 wells have been drilled at the oilfields and two other will soon become ready for being injected with natural gas, he said.
The National Iranian Oil Company's managing director Ahmad Qalebani said that the country's daily oil and gas outputs should amount to five million barrels and 1.47 billion cubic meters by 2015.
Oil Minister Rostam Qasemi said in August 2011 that the Iranian government should consider the plans for the development of joint oilfields.
The government should increase the budgets for the development of joint oilfields, Qasemi added. "The oil industry's infrastructure needs more than 500 trillion rials (about $41 billion) of investment to achieve objectives of the 20-Year Outlook Plan," Qasemi was quoted as saying."