Yadavaran Oilfield Development to Restart After Six-Year Hiatus

The development of the Yadavaran joint oilfield is expected to resume in the next Iranian year (March 2023-24) with a credit line of $400 million, the director of the development project said.
“The project seeks to increase the production capacity of the field by 42,000 barrels per day,” Mojtaba Moradi Enayat was also quoted as saying by the Oil Ministry’s news service Shana. 
“After about a six-year hiatus in development activities, the implementation of the project to increase the field’s output will begin in the first half of next year,” he added.
Moradi noted that the project includes the drilling of 24 wells that will increase the production capacity in this field by about 42,000 barrels per day.
Iran's daily extraction from the joint field currently amounts to 112,000 barrels.
“The development project will be carried out by Iranian experts and engineers, using domestically-made goods and equipment,” he said.
The Yadavaran hydrocarbon deposit shared with Iraq is located 70 kilometers west of the city of Ahvaz in Khuzestan Province near the Iraqi border.
Based on studies, the field's in-place crude reserve is more than 34 billion barrels. The reserve's recovery rate for light and heavy crude oil stands at 15% and 7% respectively. Around 83,000 barrels of Yadavaran production are a blend of light crude and the rest is heavy crude.