Yadavaran Oilfield's production volume reached 50 million barrels in the last Iranian year (ended March 19, 2016), the field’s director said.
“The field’s first phase has made 98.6% progress and the rest of the project concerns the gas field, which will go on stream in the near future,” Hadi Nazarpour was also quoted as saying by Shana.
Pointing to the trial oil production from the field to ensure sustainable production, he noted that oil reservoir tanks are full and the production line will soon become operational.
According to the official, the mega project was undertaken mainly with the contribution of local experts and as per the contract's terms, Iran managed to implement 51% of the plan.
Nazarpour also referred to the oil quality of Yadavaran and said the field’s light crude has an API of 40 degrees, while its heavy oil’s API stands at 22.
The American Petroleum Institute gravity, aka API, is a measure of how heavy or light a petroleum liquid is compared to water.
Nazarpour noted that to complete the project, 2,200 kilometers of cables were extended, 750 km of pipes were laid and more than 12,000 tons of metal structures were installed.
"About $2.9 billion in investment were spent on Yadavaran. The in-place oil reserve of the joint field is estimated to be 31 billion barrels."
Based on an Oil Ministry report, Yadavaran Oilfield’s development plan includes three phases. The field is projected to produce 180,000 bpd and 300,000 bpd in the second and third phases respectively.
West Karun, located in southwest Iran, includes Yaran and Mansouri fields as well as Yadavaran, North and South Azadegan joint fields with Iraq.
