BAKU, Azerbaijan, May 21. The National Iranian Drilling Company (NIDC) has completed 61 percent of the drilling work in 10 wells at Iran-Iraq joint South Azadegan oil field (called Majnoon in Iraq), Deputy Director of the NIDC, Alireza Layeji said, Trend reports citing Shana News Agency.
“It is expected that work on the mentioned number of wells in the South Azadegan oil field will be completed fully in the second half of the current Iranian year (September 23, 2023 through March 19, 2024),” the official noted.
According to Layeji, at present, the company continues drilling operations in the wells of the South Azadegan oil field with 5 drilling rigs.
The deputy director also pointed out that the National Iranian Drilling Company has conducted and completed drilling work on more than 70 wells in the Azadegan oil fields, which is divided into two parts in Iran - South Azadegan and North Azadegan.
Iran's Azadegan oil field is located 80 km southwest of 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.
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 the Azadegan oil field.
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