Iran's main priority - to reach maximum production from joint oil, gas fields, NIOC says

Oil&Gas Materials 5 December 2022 13:34 (UTC +04:00)
Iran's main priority - to reach maximum production from joint oil, gas fields, NIOC says
Elnur Baghishov
Elnur Baghishov
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BAKU, Azerbaijan, December 5. One of Iran's main priorities is to maximize production from its joint oil and gas fields with neighboring, Iranian Deputy Oil Minister and the CEO of the National Iranian Oil Company (NIOC), Mohsen Khojasteh Mehr said, Trend reports citing the NIOC’s website.

The deputy minister noted that for this purpose, all the work in the joint fields has been accelerated.

Khojasteh Mehr added that currently, Iran-Iraq joint South Azadegan oil field (called Majnoon in Iraq) is being developed as fast as possible.

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.

Khojasteh Mehr also said that last week, 16,000 barrels per day were added to production from Iran's Esfand and Sivand oil fields.

Iran’s Esfand oil field is located near Siri Island in Hormozgan Province (southern Iran). A total of 60,000 barrels of crude oil are reportedly produced daily from this field.

The Sivand oil field is also near Siri Island. Some 11,000 barrels of crude oil are reportedly produced from the mentioned field per day.

“Meanwhile, in the 11th month of the current Iranian year (January 21 through February 19, 2023), a number of oil and gas fields will be officially launched in Iran,” the CEO said.

The deputy minister also pointed out that currently, a program is being prepared for the maintaining production in the Iran-Qatar joint South Pars gas field. According to the mentioned program, well acidizing process will be carried out on 400 wells. In addition, the drilling of 70 new wells in this field is one of the priorities of the NIOC.

The South Pars gas field (called North Dome in Qatar) is a joint gas field between Iran and Qatar. The proven reserves of the South Pars Gas Field are estimated at 51 trillion cubic meters of gas, of which 36 trillion are extractable. Iran's share in the field is 14 trillion cubic meters of gas and 18 billion barrels of gas condensate.


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