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Iran’s IDRO undertakes development studies on 3 oil fields

Business Materials 8 May 2017 19:21 (UTC +04:00)

Baku, Azerbaijan, May 8

By Fatih Karimov – Trend:

Iran’s government-owned IDRO (Industrial Development & Renovation Organization) signed a memorandum of understanding with the National Iranian Oil Company (NIOC) to carry out studies for development of three oil fields.

The deal was signed by Gholam Reza Manouchehri, deputy head of NIOC, and Mansour Moazzami, head of IDRO, on May 8 in Tehran, IRNA news agency reported.

Under the MoU, the IDRO will undertake studies in Iran’s Susangerd, Cheshmeh-Khosh and West Paydar oil fields for development as well as for increasing oil recovery rate of the fields.

#

Oil fields

Type

Oil in place

BSTB

Current production

KBbl/d

Total estimated production

KBbl/d

API

1

Susangerd

Onshore

6.996

0

30

16-22-22

2

West Paydar

Onshore

0.952

28

To be proposed by contractor

28

3

Cheshmeh-Khosh

Onshore

3.740

72

To be proposed by contractor

72

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