Private Sector Drilling in Khuzestan Oilfields

Drilling operations to boost Jofeir and Sepehr oilfields’ production capacity in Khuzestan Province are being carried out by the private sector, deputy managing director of Pasargad Energy Development Company said.
“The privately-owned firm is drilling 130 wells and they are expected to become operational in November," Ali Farrokhi was also quoted as saying by IRNA.
The project entails expanding the fields' current output at 2,000 barrels per day to 110,000 bpd during a four-year period. The plan envisages the extraction of 512 million bpd in 20 years.