BAKU, Azerbaijan, November 10. Iranian Petroleum Engineering and Development Company (PEDEC) is expected to launch the 1st phase of the South Azadegan oil field in the first half of next Iranian year (March 21 through September 22, 2023), CEO of the PEDEC Abouzar Sharifi said, Trend reports referring to Shana News Agency.
According to Sharifi, currently there are 30 points for drilling in the South Azadegan oil field. Work on these wells is expected to be completed by the end of the current Iranian year (March 20, 2023).
“Along with the South Azadegan field, the company is also carrying out work on the other oil fields under its control,” he added.
Thus, the Sepehr and Jofair fields are currently being developed. About 21,000 barrels of crude oil per day are expected to be extracted from the mentioned two fields by the end of the current Iranian year, the CEO noted that.
In addition, Cheshmeh Khosh, Dalpari and Paydar-e Sharg fields are also being developed with the cooperation of the Russian ZN Vostok Company, Sharifi said.
The official emphasized that the oil fields under the company contains more than 90 billion barrels of crude oil reserves.
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.
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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