Iran’s IOOC continues operations in Sivand and Esfand oil fields

Oil&Gas Materials 25 January 2021 17:25 (UTC +04:00)

BAKU, Azerbaijan, Jan. 25

By Elnur Baghishov – Trend:

The Iranian Offshore Oil Company (IOOC) continues its operations in the Sivand and Esfand oil fields as part of plans to maintain and increase extraction, Executive Director of IOOC Alireza Salmanzadeh told Shana news agency, Trend reports.

Salmanzadeh emphasized that there is currently 30-percent progress in the operations under the plan to maintain and increase extraction.

Salmanzadeh added that so far, two wells have been upgraded and the operations are underway on the third well.

The director also said that another drilling rig has been put into operation in recent days and the progress is expected to be accelerated.

According to him, upon completion of all work on this plan, a total of 16,000 barrels of oil will be added to daily extraction potential.

As many as 33 plans were prepared in Iran to maintain and increase oil extraction. Four of these plans (Sivand and Esfand, Resalat, Forouzan, and Rashadat oil fields) are implemented by the Iranian Offshore Oil Company.

The Sivand oil field of the Iranian Offshore Oil Company is located 43 km west of Siri Island.

A contract has been signed between the Iranian Offshore Oil Company and the Iranian PetroIran Company on the plan to maintain and increase the extraction from the Sivand and Esfand oil fields. It is expected that 12 wells will be drilled, repaired, and upgraded in the Sivand and Esfand fields under the contract.

As reported, the IOOC extracts daily about 11,000 barrels of oil from the Sivand oil field and 60,000 barrels from the Esfand oil field.