Iran to increase West Karun oil output to 510,000 bbl/d
Tehran, Iran, March 18
By Mehdi Sepahvand - Trend:
Iran is set to boost its oil output from the West Karun area to 510,000 bbl/d, according to Nureddin Shahnazizadeh, CEO of Iran Oil Engineering and Development Co.
Shahnazizadeh said that the increase in output will be realized on March 19, Energy News reported March 18.
The also pointed out that Iran is following the policy of enhanced recovery factor in regards to the oil fields that it shares with other countries.
The West Karun fields are being developed with a budget of $6.1 billion. The West Karun covers the North and South Azadegan, Yadavaran, North and South Yaran, Darkhovein, Azar, and Changuleh oil fields.
Iran’s crude output currently stands at 4 mbpd, which should improve to 4.8 according to the Sixth Development Plan that starts March and will run for five years.
The country plans to tap fields that it shares with other countries first. The West Karun fields are shared with Iraq.