BAKU, Azerbaijan, May 7. Iran’s crude oil production from the Iran-Iraq joint South Azadegan oil field (called Majnoon in Iraq) will increase by 10,000 barrels by the end of the 6th month of the current Iranian year (September 22, 2023), Executive Director of Arvandan Oil and Gas Company, Abdollah Ozari Ahvazi told IRNA, Trend reports.
Ozari Ahvazi said that Iran’s production from the South Azadegan oil field increased by an average of 10,000 barrels per day in the 1st month of the current Iranian year (March 21 through April 20, 2023).
The director added that one of the main tasks of Arvandan Oil and Gas Company is to increase crude oil production from joint oil fields with Iraq. For this purpose, it is planned to increase production from the oil fields under the control of Arvandan Oil and Gas Company to 1 million barrels per day in 2 years (March 20, 2025).
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.
The Arvandan Oil and Gas Company operates under the auspices of the National Iranian Oil Company (NIOC). The company has a capacity to produce 400,000 barrels of crude oil per day. The company can also produce 7.64 million cubic meters (270 million cubic feet) of gas per day.
---
Follow the author on Twitter:@BaghishovElnur
