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Development of two Iranian oilfields 97 per cent complete

Oil&Gas Materials 11 December 2012 12:42 (UTC +04:00)

Azerbaijan, Baku, Dec. 11/ Trend G.Mehdi/

Development of two Iranian oilfields, namely Sarvestan and Saa'databad, located in the central parts of the country are 97 per cent complete, IRIB reported.

The two fields are projected to produce 15,000 barrels per day of crude oil.

The Iranian Central Oil Fields Company's managing director Mehdi Fakour said in October that the company has allocated one billion dollars for developing oil and gas fields during the past year.

Four Iranian oilfields are in the final stages of development and will start production by the end of the current Iranian calendar year (March 2013), Fakour said on September 25.

The Shana News Agency quoted him as saying that the Cheshmeh Khosh field's output will be doubled to 180,000 barrels per day.

Sarvestan and Saa'databad fields will also start a 15,000 barrels per day production by September, he noted.

The National Iranian Oil Company's managing director Ahmad Qalebani has said that the country's daily oil and gas outputs should amount to five million barrels and 1.47 billion cubic meters by 2015.

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