Iran to start Masjed Solyman oilfield development project

Oil&Gas Materials 25 May 2011 16:17 (UTC +04:00)

Azerbaijan, Baku, 25 May/Trend/

Launching Masjed Solyman oilfield development project in Iran will increase the oilfield's production capacity to 25,000 barrels per day, SHANA reported quoting Petroleum Engineering and Development Company (PEDEC) managing director Naji Sadouni as saying.

The development project includes establishing a desalinating unit in Masjed Solyman, digging 15 development wells and 2 water disposal wells .

Currently 9 wells are active and the rest will be operational as the project is being implemented, Naji Sadouni said.

The project was officially commenced in late April. The Masjed Solyman production capacity is currently 20,000 oil barrels per day.

Masjed Solyman's oil production will increase to 25,000 barrels per day after launching the development project and further production tests.

The oil reserves of Masjed Solyman are estimated at 6.2 billion barrels. So far, 18 percent of the field's reserves have been extracted. The production is expected to reach 20 percent after sanctioning the project.

Masjed Solyman -- the first oil well in Iran and the Middle East -- started producing oil on May 26, 1908.