Iran signs agreement related to South Azadegan field
BAKU, Azerbaijan, Feb. 18
By Elnur Baghishov - Trend:
An agreement on commissioning of the Skid-Mounted processing unit on the South Azadegan oil field (this field is called Majnun in Iraq), which is a joint oil field of Iran and Iraq, has been signed in Iran’s south-western Khuzestan province.
The agreement was signed by Mohammed Reza Purabed, Vice Rector of the Iranian Academic Center for Education, Culture and Research (ACECR) and Touraj Dehghani, Executive Director of Iran’s Petroleum Engineering and Development Company, Trend reports referring to the National Iranian Oil Company.
The agreement envisages design and engineering services, supply, production and installation, commissioning, repair of equipment and refining of 50,000 barrels of oil on the field per day.
The processing unit will be designed and constructed within 15 months. It is planned to get crude oil package as soon as possible by using Skid-Mounted processing unit.
Presently, Iran extracts 140,000 barrels of oil a day from South Azadegan oil field.
In accordance with the field development project, 320,000 barrels of crude oil and 5.5 million cubic meters (197 million cubic feet) of natural gas will be extracted daily at phase 1 till March 21, 2021.
After the operations are over at the phase 2, some 280,000 barrels of crude oil will be extracted at this phase.
A total of 600,000 barrels of crude oil are expected to be extracted from these phases daily.