BAKU, Azerbaijan, October 4
By Elnur Baghishov – Trend:
There is about 97 percent progress in the implementation of the plan to maximize Iran's oil extraction from the Iran-Iraq joint Azar oil field (called Badra in Iraq), said Keyvan Yarahmadi, Executor for Petroleum Engineering and Development Company’s (PEDEC) plan on development of the Azar oil field, Trend reports referring to the PEDEC.
Yarahmadi noted that so far, more than 30 million barrels of oil have been extracted from this field, as part of extraordinary extraction.
“In addition, 9 wells were drilled and a 129 km length of 15-inch pipeline was laid, as part of extraordinary extraction from the field,” he added.
The official stressed that at the same period, 11 new wells were drilled for extraction from the field, and a 61 km long pipeline was put into operation for the transportation of oil and associated gases.
The Azar oil field is one of the joint oil fields of Iran and Iraq. The Azar oil field contains 2.5 billion barrels of oil reserves and about 400 million barrels of it can be extracted. Iran extracts oil from 8 wells in this field. Iran's extraction from the Azar oil field was daily 15,000 barrels in March 2017 and this extraction has reached to daily 30,000 barrels in May 2017.
As reported, 65,000 barrels of oil and 78 million cubic meters of gas will be extracted from the field per day with the increasing of the number of extraction wells to 11.