Iran to put Reshadat oilfield into operation by March 2013

Iran Materials 7 January 2012 17:15 (UTC +04:00)

Azerbaijan, Baku, Jan. 7 / Trend F.Milad/

Some 80,000 barrels would be added to Iran's total daily oil production, once the Reshadat oilfield becomes operational by March 2013, the Reshadat oilfield development project manager Mehdi Qazizadeh said, Mehr news agency reported.

Mehdi Qazizadeh said the project started officially in January 2006 by Iran Offshore Oilfields Company.

The Reshadat platform, referred to as P4, has been constructed domestically. It has a weight of 3,100 tons, which will increase to 4,500 tons following the installation of stabilizing pillars. A structure weighing 9,000 tons would also be installed on the platform.

The Reshadat oilfield is located 110 kilometers southwest of Lavan Island.

The National Iranian Oil Company's Managing Director Ahmad Qalebani announced in September 2011 that Iran's oil exports have increased by 50,000 barrels per day since the beginning of the current Iranian calendar year (started March 21).

He noted that more than 60 percent of the necessary equipment for the oil industry is produced domestically and that the percentage will reach 90 within the next three years.

Iran has the world's second largest crude oil reserves after Saudi Arabia and the second largest gas reserves after Russia.