S. Azade­gan oil out­put set to hit 100k bpd by late-Nov.

Tehran Times - - ECONOMY -

TEHRAN — Crude oil pro­duc­tion from Iran’s South Azade­gan oil field is set to cross 100,000 bar­rels per day (bpd) by the end of cur­rent Ira­nian cal­en­dar month (which ends on Novem­ber 21), head of the field’s de­vel­op­ment project was quoted as say­ing by Shana on Mon­day.

Touraj De­hqani put the field’s cur­rent out­put at 80,000 bpd say­ing, “With 13 new wells go­ing on­line, the out­put will rise to more than 100,000 bpd.”

Since the be­gin­ning of the cur­rent Ira­nian cal­en­dar year (March 21), oil pro­duc­tion from the coun­try’s big­gest shared oil­field has in­creased by over 50,000 bpd.

Ear­lier in May De­hqani said the field’s out­put is planned to reach 160,000 bpd by yearend (March 20, 2018).

Lo­cated in south­west­ern Iran, South Azade­gan is es­ti­mated to hold 33 bil­lion bar­rels of oil in place. It is part of the West Karoun oil block in Khuzes­tan which Iran shares with Iraq.

South Azade­gan is be­ing de­vel­oped in two phases; pro­duc­tion is set to reach 320,000 bpd in the first phase and 600,000 bar­rels daily in the sec­ond and final phase.

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