BAKU, Azerbaijan, Sept. 16
By Elnur Baghishov – Trend:
The launch of four new wells in Iran's South Azadegan oil field will increase extraction by 4,000 barrels daily, the Executive Director of the Petropars Operation and Management Company (POMC), Hamidreza Masoudi said, Trend reports citing the company’s website.
Masoudi noted that in this regard, 3 new drilling rigs have been installed in the Azadegan field over the past month, and another rig will be installed in the field soon.
The director added that the drilling operations in wells of the South Azadegan field have been accelerated.
As reported, Iran's Azadegan oil field is located 80 km southwest of the Ahvaz city in the Khuzestan Province (southwestern Iran). It is estimated that the field contains about 32 billion barrels of oil. In Iran, this field is usually divided into two parts - North Azadegan and South Azadegan.
Iran's North Azadegan oil field is being developed by the Iranian Petroleum Engineering and Development Company (PEDEC). As a result of development, the extraction from this field will increase by daily 75,000 barrels in the first stage, and by 150,000 barrels in the second stage.
Reportedly, daily 55,000 barrels of oil are extracted from this field at present.
At present, crude oil extraction from Iran's South Azadegan oil field is 85,000 barrels daily. The field contains 28.2 billion barrels of crude oil, of which 1.6 billion barrels can be extracted.
According to the first plan for the development of this field, daily 320,000 barrels of crude oil and 197 million cubic feet (about 7 million cubic meters) of natural gas will be extracted from the field.
According to the second plan, daily 280,000 barrels of crude oil will be extracted from the field. In total, 600,000 barrels of crude oil daily will be extracted from Azadegan oil field.
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