The first well in the development plan of Maroun 1 and 4 oilfields has started production, the head of the North Drilling Company of Iran said.
“The well has a production capacity of 1,500 barrels per day. Two more wells have been drilled and will soon begin production,” Morteza Pakravan was also quoted as saying by the Oil Ministry’s news service.
The drilling of the wells is part of the project to maintain and increase the production of 28 fields managed by the National Iranian South Oil Company.
Maroun Oilfield is the second-largest oilfield of Iran. Discovered in 1963, the field contains an estimated recoverable oil reserves of 22 billion barrels, making it the world's sixth biggest onshore oilfield in the world. It is currently producing approximately 520,000 barrels per day of crude oil.
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