Additional production expected from 2 fields shared with Iraq
Iran plans to raise oil output by 170 MBOPD by the end of the current Iranian year, which ends on March 20, 2016, the official IRNA news agency cited an Iranian oil official saying Monday, reports Reuters.
Soltan Kamali, managing director of Arvandan Oil and Gas Company, a subsidiary of the state’s National Iranian Oil Company (NIOC), said the “additional output will be available once the initial phase of North Azadegan and Yadavaran oilfields comes into operations,” IRNA reported.
The North Azadegan and Yadavaran oilfields are shared with Iran’s neighbor, and fellow OPEC member, Iraq. Arvandan is tasked with refining crude oil from the fields shared between the two countries, reports Trend.
The first unit of a desalination plant is expected to come on stream in the current year. The desalination plant will have 55 MBOPD of capacity. By 2025, the company is projected to produce over 1 MMBOPD from 13 oilfields, including Azadegan and Yadavaran, Kamali said.
Keramat Behbahani, North Azadegan oilfield’s project manager, said that the development plan for the field is expected to be completed in July 2015. Once the project comes on stream, it could add 75 MBOPD to the country’s total production capacity.
The first phase of the Yadavaran field is expected to come on stream shortly after the North Azadegan field in September 2015. The field has reserves estimated at 34 billion barrels and is expected to produce 300 MBOPD once the field’s development plan is completed.
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