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Saturday, 23 January 2016 15:53

Iran eyes 90kb/d output from West Karoun oilfields

Iran eyes 90kb/d output from West Karoun oilfields

Iran is boosting the capacity of crude oil recovered from West Karoun oilfields in a push to increase its output now that the US-led sanctions have lifted on Tehran's nuclear program.

 

Managing director of National Iranian Oil Company Roknoddin Javadi said NIOC is planning to start production from North Azadegan and North Yaran oil fields which Iran shares with neighboring Iraq.

As he said, recovery of 75,000 b/d of crude oil in North Azadegan's phase I and early production of 15,000 b/d from North Yaran are envisaged by NIOC which will totally add 90,000 b/d of crude oil to the country's daily output.

Javadi said NIOC regards as top priorities development of South Pars gas field and West Karoun join oilfields in the post-sanctions setting.

Development project of North Yaran is 80% complete and will start production before the calendar year-end to March 20 2016, the NIOC chief added.

He said digging of 20 wells has been finished and production will start from the joint oil field within the next few months.

North Azadegan development in its first phase is 97% complete and countdown has started for its production.
The field will start with 75,000 b/d of crude oil, he added. 
EA

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