BAKU, Azerbaijan, Feb. 8
By Elnur Baghishov – Trend:
A number of exploration operations will be carried out in the Iran-the UAE joint Salman oil field (called Abu Al Bukhoosh in the UAE) in direction to explore oil reserves of the field, Director of technical affairs in Iranian Offshore Oil Company (IOOC) Ali Khajavi told Shana news agency, Trend reports.
According to him, these exploration operations will be carried out on a fast-track basis. The necessary permits have been obtained from the National Iranian Oil Company (NIOC) and it is hoped that the operations will be completed within a maximum of 9 months as for previous exploration operations carried out in the 4 fields.
The director added that in the fast-track exploration, the reservoirs and major wells in different parts of the field are explored and taken as a basis. Then, the exploration is carried out quickly according to the geophysical methods.
Khajavi stressed that as a result of fast-track exploration operations in Iran's Hendijan, Behrang Sar, Abouzar and Nowruz oil fields before, the oil reserves of the fields increased by 742 million barrels and reached 9.9 billion barrels.
As reported, as a result of exploration operations in Iran's Hendijan, Behrang Sar, Abouzar and Nowruz oil fields, Iran's extraction from these fields increased by 217 million barrels and reached 3.2 billion barrels. Based on oil price of $45 per barrel, the value of extractable source from these fields in the territiores of IOOC would increase to $10 billion.
The Salman oil field is a joint oil field between Iran and the United Arab Emirates, is located 144 km south of the Lavan Island. The Salman field has 44 oil wells and 10 water pressure wells. This field contains 4.5 billion barrels of oil, of which about 1.6 billion barrels can be extracted. So far, 1.1 billion barrels have been extracted. Iran extracts 60,000 barrels of oil per day from the field.