BAKU, Azerbaijan, October 16. Iran has boosted production potential at the South Azadegan oil field, a joint oil field between Iran and Iraq, with output rising by 4,300 barrels per day, Hamidreza Saghafi, CEO of Petropars Group, told local media, Trend reports.
According to him, the increase was achieved by commissioning another new well in the South Azadegan oil field.
Saghafi said that crude oil from well No. 174 is sent to primary processing through a six-inch, 2,430-meter-long pipeline.
The company official noted that all processes of drilling the new well, installing facilities, and commissioning the well were carried out using equipment produced domestically at the expense of local potential.
“With the commissioning of the mentioned well, the daily production potential of the South Azadegan oil field has increased to 66,200 barrels," he added.
The South Azadegan field is estimated to hold 28.2 billion barrels of crude oil, of which approximately 1.6 billion barrels are considered recoverable. Development plans for the field envisage a first phase producing 320,000 barrels of crude oil per day along with seven million cubic meters of natural gas, and a second phase producing 280,000 barrels per day.
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