BAKU, Azerbaijan, September 8. The development of Iran’s Sepehr and Jofeir oil fields is being accelerated with the installation of a fourth drilling rig, said Abbas Goudarzi, an official of the Iranian Petroleum Engineering and Development Company (PEDEC), Trend reports.
Speaking to Iranian media, Goudarzi noted that daily production from the two fields is expected to reach 110,000 barrels. He noted that at least six drilling rigs must be active annually to achieve this target.
The official emphasized that the deployment of new contractor companies supports the acceleration of drilling and well improvement operations while also creating constructive competition among contractors located west of the Karun River.
Goudarzi added that with the installation of the “Mapna Nur-2” rig in the mentioned fields, production will increase by 4,000 barrels per day.
The Sepehr and Jofeir fields are located in southwestern Iran in Khuzestan province. The Sepehr oil field in Iran contains 5.4 billion barrels of crude oil. It is reported that its production could reach 450 million barrels. The Jufair oil field in Iran contains 4.4 billion barrels of oil. It has been reported that its production could reach 390 million barrels.
As many as 74 oil fields and 22 gas fields are currently operating in Iran. There are 37 oil fields in the territory of the National Company of Iran's Southern Oil Zones, 14 in the territory of the Iranian Central Oil Zones Company, five in the territory of the Arvandan Oil and Gas Production Company, and 18 in the territory of the Offshore Oil Company. Additionally, the South Oil Zones National Company of Iran operates five gas fields, the Central Oil Zones Company operates 13, the Pars Oil and Gas Company operates one, and the Offshore Oil Company operates three
Iran's total hydrocarbon reserves are 1.2 trillion barrels. Iran can produce 340 billion barrels of this gas with existing technological equipment. Iran can use about 30 percent, while 70 percent remains unused underground.
PEDEC, established in 1994, oversees project engineering and development for large-scale oil and gas projects at the National Iranian Oil Company (NIOC). With around 500 technicians and supervisors, it collaborates with numerous firms to carry out onshore and offshore projects, promoting technology transfer and fostering Iran's technological self-sufficiency.
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