]BAKU, Azerbaijan, July 15. Crude oil production of Iran's Arvandan Oil and Gas Company from oil wells located west of the Karun River has increased by 20,000 barrels per day since the beginning of the current Iranian year (March 21, 2023), CEO of the company, Abdollah Ozari Ahvazi said, Trend reports.
The CEO noted that a number of operations were carried out in the oil fields located west of the Karun River, including the South Azadegan oil field. The operations resulted in increased crude oil production from some oil wells.
Ozari Ahvazi added that as of this week (July 15-22), 17 oil wells drilled and improved will be handed over to the company. This will result in an increase in the company's crude oil production.
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.
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.
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