BAKU, Azerbaijan, Feb. 10
By Elnur Baghishov – Trend:
Work is underway to increase Iran’s crude oil extraction capacity from the Iran-Iraq joint South Azadegan oil field (called Majnoon in Iraq) by 15,000 barrels daily, Executive Director of Iran’s Petroleum Engineering and Development Company (PEDEC) Abouzar Sharifi said, Trend reports citing the company’s website.
The director stressed that currently, work is underway to launch the first phase of the field. In recent months, work has been accelerated and several new wells have been put into operation.
“At the same time, research is underway to develop the second phase of the field,” Sharifi added.
Iran's Azadegan oil field is located 80 km southwest of Ahvaz city in the Khuzestan Province (southwestern Iran). It is estimated that the field contains about 32 billion barrels of oil. In Iran, this field is usually divided into two parts - North Azadegan and South Azadegan.
Iran's North Azadegan oil field is being developed by the Iranian Petroleum Engineering and Development Company (PEDEC). As a result of development, the extraction from this field will increase by daily 75,000 barrels in the first stage, and by 150,000 barrels in the second stage.
Reportedly, daily 55,000 barrels of oil are extracted from this field at present.
At present, crude oil extraction from Iran's South Azadegan oil field is 85,000 barrels daily. The field contains 28.2 billion barrels of crude oil, of which 1.6 billion barrels can be extracted.
According to the first plan for the development of this field, daily 320,000 barrels of crude oil and 197 million cubic feet (about 7 million cubic meters) of natural gas will be extracted from the field.
According to the second plan, daily 280,000 barrels of crude oil will be extracted from the field. In total, 600,000 barrels of crude oil daily will be extracted from the Azadegan oil field.
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