Iran continues to add to Persian Gulf oil capacity
Azerbaijan, Baku, April 26/Trend M. Moezzi
Another project to expand Iran's Persian Gulf petroleum production has become operational, adding another 10,000 barrels to its offshore capacity, Mehr news agency reports.
Since the start of the Iranian year (Iran's solar year ended on March 19), three wells have been completed in the Reshadat oilfield increasing its output capacity to more than 20,000 barrels a day said Mahmoud Zirakchianzadeh the managing director of the Iranian Offshore Oil Company (IOOC).
There are plans to boost the production capacity of other Persian Gulf oil fields, said the IOOC head. These include the Hengam, Foroozan and Hendijan fields in addition to Reshadat. The project will add about 100,000 barrels to Iran's Persian Gulf crude oil output capacity.
By the end of this year, Reshadat will be able to produce 40,000 barrels of oil a day and when its final expansion phase is finished the field's capacity will reach 76,000 barrels a day.
Reshadat oilfield is located 110 kilometres southwest of Lavan Island in the Persian Gulf. It was discovered in 1965.