Baku, Azerbaijan, Jan. 27
By Rahim Zamanov - Trend:
Oil production in Iran's Reshadat oilfield, located near Lavan Island in the Persian Gulf, has reached 15,000 barrels per day, the managing director of National Iranian Offshore Oil Company, Saeed Hafezi, said on Jan. 27, Iran's SHANA News Agency reported.
"The figure is expected to reach 18,000 barrels per day in the near future," he added.
He went on to note that by receiving new equipment the company will start drilling more wells in the oilfield.
"The development project of Reshadat oilfield has envisaged drilling 29 wells in the field," Hafezi explained.
Abbas Rajab-Khani, the director of the Lavan operational area of the Iranian Offshore Oil Company, said in January 2013 that oil production in the Reshadat oil field will rise to 22,000 barrels per day, Press TV reported.
"Through the inauguration of four new wells, the production capacity of this oil field will reach 22,000 barrels per day," Rajab-Khani said.
Rajab-Khani noted that the goal of the project is to increase the Reshadat oil field's oil production to 75,000 barrels per day.
The Reshadat oil field, which was discovered in 1965, is located 110 kilometers southwest of Lavan Island in the Persian Gulf.
Iran has 137.6 billion barrels of proven oil reserves and 29.61 trillion cubic meters of proven gas reserves. It has the world's fourth largest oil reserves and second largest gas reserves.