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Iran starts early production at Yadavaran oilfield

Iran Materials 7 February 2012 11:08 (UTC +04:00)

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

Iran began early production at the Yadavaran oilfield, which is associated with Iraq, Petroleum Engineering and Development Company's managing director Naji Sadouni said on Tuesday.

Nine wells have been drilled at the oilfield, one of which has been commissioned, Fars news agency quotes him as saying.

The field is forecasted to produce 30,000 barrels of crude per day.

The oilfield is estimated to hold around 12 billion barrels of in-situ crude oil, some 12.5 trillion cubic feet of associated gases, as well as nearly 1.9 billion barrels of condensates, ISNA news agency reported.

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