BAKU, Azerbaijan, December 29. Iranian Central Oil Fields Company (ICOFC) has signed a contract with the Oil Turbo Compressor Construction Company (OTCC) regarding the reconstruction of the gas pressure boosting station to increase production from the Nar field, on December 28, 2022, the Executive Director of the ICOFC Mehdi Heydari said, Trend reports citing Shana News Agency.
According to Heydari, in this regard, the reconstruction work has already been launched.
The director added that the value of the signed contract is 22 million euros, and the reconstruction work will be completed within 18 months.
The official also said that with the completion of the mentioned work, 18 million cubic meters of gas and 3,000 barrels of gas condensate will be stably produced daily from the Nar gas field.
“At the same time, various equipment, turbo compressors, control systems, etc. in the Nar field were repaired by specialists of the ICOFC, and this resulted in preventing the outflow of about 700 million euros,” he noted.
The Iranian Central Oil Fields Company has 84 oil and gas fields in 11 provinces of Iran. So far, 13 gas fields and 13 oil fields have been developed.
At present, the ICOFC has the capacity to extract about 250,000 barrels of crude oil and 250 million cubic meters of gas per day.
The Nar gas field is located in Iran’s Bushehr Province in the south of the country.
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