61582
Iran Starts Drawing Crude Oil From South Pars
Iran Starts Drawing Crude Oil From South Pars

Iran Starts Crude Oil Production From South Pars

Iran Starts Crude Oil Production From South Pars

March 20, 2017 - Iran has started oil production from the offshore South Pars crude oil layers after installing its first floating production, storage and offloading vessel, the FPSO Cyrus, announced National Iranian Oil Company's deputy for engineering and development on Sunday.

“Extraction from seven subsea wells at the layer has started... The aim is to 35,000 barrels of oil per day in the first phase, the output of the project will reach full capacity within a week,” Shana quoted Gholam-Reza Manouchehri as saying. 

The aim is to 35,000 barrels of oil per day in the first phase, he added.

The official also said that the first crude oil consignment from the field will be ready for shipment in 30 to 45 days. 

The oil layer of South Pars field, located in the center of the Persian Gulf and 130 km off the Iranian coast, and adjacent to Qatar's territorial waters, holds an estimated 14 billion barrels of oil in place. 

Short URL : https://goo.gl/mDncVH
  1. https://goo.gl/AYrZpT
  • https://goo.gl/eJvE1I
  • https://goo.gl/2aNgsD
  • https://goo.gl/9RcHi3
  • https://goo.gl/ByNnpL

You can also read ...

Gas Company Shifting  Focus to Int’l Markets
The National Iranian Gas Company is intent on raising the...
No Fatalities Reported in   Isfahan Refinery Fire
A fire that ravaged part of the Isfahan Oil Refinery on Monday...
OPEC Gets Another Supply Headache From Brazilian Exports
Brazil’s most crippling recession on record is complicating life...
Trump Seeks US Dominance in Global Energy Production
US President Donald Trump on Thursday will lay out his plan for...
 Oil Up on Weaker Dollar
Oil prices rose for a fourth consecutive session on Tuesday...
VLCC Discharges  Off Singapore
An Iranian very large crude carrier (VLCC) has finally...

Add new comment

Read our comment policy before posting your viewpoints

Image CAPTCHA
Enter the characters shown in the image.

Trending

Googleplus