South Yaran Production in July
South Yaran Production in July

South Yaran Production in July

South Yaran Production in July

Production from the South Yaran Oilfield in the southern Khuzestan Province is expected to start in July, according to the chief executive officer of the Petroleum Engineering and Development Company (PEDEC).
"We are confident that crude oil extraction from South Yaran field will begin within two months at a rate of 10,000 barrels per day and will soon reach 25,000 barrels a day," Noureddine Shahnazizadeh told ISNA on Monday.
Yaran oilfield, which is divided into the northern and southern sections, is part of a string of oilfields in the West Karoun block, an oil-rich region in Khuzestan near the border with Iraq.
"The 10,000-bpd target is well within reach, but we may have to wait until the end of this fiscal year (March 2018) to raise production to 25,000 bpd," Shahnazizadeh noted.
Iran is currently drawing 30,000 bpd from the North Yaran field, but plans are in place to triple output using enhanced oil recovery methods.
West Karoun holds an estimated 67 billion barrels of oil in place.
Production from all oilfields is close to 300,000 barrels a day. According to published reports, Iran is currently drawing crude from the block at an unacceptable extraction rate of 5-6%.


Short URL : https://goo.gl/GTO3Py
  1. https://goo.gl/CNOJT7
  • https://goo.gl/cHTruu
  • https://goo.gl/ahHvXo
  • https://goo.gl/AqvhHO
  • https://goo.gl/IUXTa9

You can also read ...

Veep Underlines Iran's  Footprint in Gas Market
Having access to some of the world's largest hydrocarbon...
Crude Prices Extend Rally
US oil prices jumped to a two-year high on Friday as North...
Russia Remains China's Top Crude Oil Supplier
Russia held its position as China’s top crude oil supplier for...
OPEC, Non-OPEC Agree on Outline of Oil Cut Extension
OPEC and non-OPEC producers, led by Russia, have crafted the...
Tehran, Yerevan Mull Energy Cooperation
Iran and Armenia explored grounds to develop closer...
Hydropower Output Increases
Despite facing low levels of rainfall and hot temperatures,...
France Adds 500 MW of Wind Capacity
France added 500 megawatts of new wind power capacity in the...

Add new comment

Read our comment policy before posting your viewpoints

Enter the characters shown in the image.