Joint Oilfield in Ilam to Double Output

Work on boosting output from Azar joint oilfield in western Ilam Province will be complete soon, managing director of the Oil Industries Engineering and Construction Group said.
Oil extraction from the field started in 2017 with daily production of 15,000 barrels and reached 30,000 barrels a year later, Gholamreza Manouchehri said. With the development plan in its final stage, “production from the joint field has reached 65,000 bpd,” the Oil Ministry news agency Shana quoted him as saying.
“The contract for the field was signed in 2011 between the National Iranian Oil Company, OIEC and Ahdaf Investment Company,” he said, adding that the project cost $1.7 billion. Funding was provided by the National Development Fund of Iran and Ahdaf Company.
The plan included drilling 19 wells and constructing 320 km of oil and gas transmission pipelines. Almost 75% of the equipment used in the process was made by domestic manufacturers.