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Joint Oilfields to Come on Stream by Yearend
Energy

Joint Oilfields to Come on Stream by Yearend

First phase of North Azadegan and Yadavaran oilfields will go into  operation by the end of the current Iranian calendar year (began March 21), managing director of Arvandan Oil & Gas Company said.
Total oil production capacity of the two fields stands at 170,000 barrels per day (bpd) in the first phase; Soltan Kamali was quoted by Shana news agency as saying. The two fields are located in the oil-rich West Karun region, near the Iraqi border.  
West Karun, located in south-west Iran, includes Yaran and Mansouri fields as well as Yadavaran and North and South Azadegan joint fields with Iraq. Development plans for West Karun are aimed at expanding crude production by 700,000 barrels per day.
The Azadegan field, located 80 kilometers west of Ahvaz, is one of the NIOC’s recent discoveries and the biggest oil field found in Iran in the last 30 years. The first exploration well was drilled in the field in 1976, but its discovery was finalized after drilling the second well in 1999. The field has reportedly about 33.2 billion barrels of oil-in-place, of which only about 5.2 billion barrels is said to be recoverable.  Yadavaran, jointly owned by Iran and Iraq and called Sinbad on the Iraqi side, is expected to produce 300,000 bpd once all three phases are completed. The Iranian section comprises Hosseinieh and Koushk fields. Iraq has so far produced no oil from the field. During the first half of the current year, oil production from Yadavaran joint field is expected to reach 85,000 bpd.
The first phase of an oil desalting project in West Karun region with a capacity of 55,000 bpd will also go on stream this year, Kameli said.  
Arvandan Oil & Gas Company operates as a subsidiary of the National Iranian Oil Company, and is responsible for 13 oilfields, from which it expects to produce around one million bpd of oil by 2025. These include North Azadegan, Yadavaran, Darkhovein, Soosangerd, Arvand, Jofeir, Band-e-Karkheh, Sohran, Omid, Moshtagh, Khoramshahr, Yaran, and Sepehr oilfields. “Some of the oilfields’ development projects are anticipated to be carried out through private investment,” the official said, adding that the third phase of Darkhovin oilfield has been given utmost priority in order to increase production. Work on Darkhovin field is expected to commence should funding be allocated in due course.

There are plans to increase oil production from joint fields. Production from five oilfields jointly owned by Iran and Iraq in West Karun region is projected to increase by 280,000 bpd this year. The National Development Fund of Iran (NDFI) in December earmarked $6 billion for the development of West Karun oilfields, which are to be completed in three years.

 

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