Iran boosts production at its oldest oil field
Azerbaijan, Baku, May /Trend M. Moezzi
Iran plans a strike operation to increase production in the Middle East's oldest oil field by 2,000 barrels a day.
The plan for the Masjed Soleyman field follows the first expansion phase for the field, Pana news agency reports. That project has taken more than five years and is in its final stages. It was taken on by a Chinese contractor and added 17 to 18,000 barrels to the field's daily oil production.
The contract for the first phase of the project to boost Masjed Soleyman's production was worth $200 million (USD). Repairs are being done on eight old wells in the field. Three wells are operating after pumps were installed to draw their oil out.
Masjed Soleyman was discovered in 1929 by a British company. The field is located in Iran's oil-rich Khuzestan Province. In the 103 years of its operation, 317 wells have been drilled in Masjed Soleyman.
An agreement for the field's second expansion phase might be signed with a Chinese company