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Binak Oilfield to Use Modern Drilling Methods, Equipment

Pardis Technology Park and PetroIran Development Company have signed an agreement, based on which the tech park will create a consortium of knowledge-based companies to conduct modern drilling methods in the Binak Oilfield, an expert at Pardis Technology Park said.

“Based on the agreement, 14 wells should be drilled in the field, using modern methods and equipment,” Javad Alipour was also quoted as saying by ISNA.

“The project will be carried out by a consortium of five knowledge-based companies, all located at the tech park,” he added.

Alipour said modern drilling methods and equipment, including new downhole pumps in oilfields, should be used to increase the output and raise the lifespan of oil wells.

“The contract is worth $4 million,” he added.

Petroiran Development Company is in charge of developing Binak Oilfield and its operations include enhancing the productivity of 28 reservoirs for increasing production by 12,500 barrels of crude oil per day, the construction of 44 km of an 8-inch gas transmission pipeline from Binak gas pressure boosting station to Siahmakan gas injection station and 5.2 km of a 4-inch gas liquids pipeline from the gas pressure boosting station to Binak operation site.

Binak Oilfield is located in Bushehr Province, southern Iran, 20 km northwest of Genaveh County, on the shores of the Persian Gulf. The field is adjacent to Golkhari, Bibi Hakimeh and Siahamkan oilfields to the north and Khark Oilfield to the south.

Pardis Technology Park is under the auspices of the Vice Presidency for Science and Technology, and supports new ideas and technologies to grow. The commercialization of technological achievements and creating a suitable platform for technology growth and market development is one of the most important missions of PTP.

Pardis Technology Park, as the largest technology park in the country, was established in 2005. So far, more than 250 technology and knowledge-based companies in the fields of advanced technologies such as information and communication technology, biotechnology, nanotechnology, new materials, mechanical engineering and automation have been registered in the tech park.