Energy
0

Iran's Azar Oilfield Production to Reach 60,000 bpd

Iran's Azar Oilfield Production to Reach 60,000 bpdIran's Azar Oilfield Production to Reach 60,000 bpd

Production from Azar Oilfield, currently at 30,000 barrels per day, will reach 60,000 bpd upon the completion of operations to drill new wells in the field, manager of the development project said.
"The output is expected to reach 65,000 bpd later this year, as plans are underway to complete the second train of processing installations gradually," Keyvan Yar-Ahmadi was also quoted as saying by the National Iranian Oil Company's news portal. 
According to the official, the second phase development of this field is under consideration for being awarded within the framework of the newly developed oil contracts known as Iran Petroleum Contract—the new model of Iran's oil and gas contracts to foreign bidders.
 Azar is shared with neighboring Iraq, where it is known as Badra. It is located 20 kilometers from the city of Mehran in Ilam Province in Anaran exploration block, which also includes Changouleh and Timab fields. 

Premium

Subscribe to the Financial Tribune to continue reading this article or Log in to your account if you are already a subscriber.

Find out more about our subsciption plans here.

Add new comment

Financialtribune.com