BAKU, Azerbaijan, October 2. Iran's Oil Industry Technology and Innovation Park and 4 local start-up companies signed contracts on restoring production from 5 low-yield oil wells in Tehran on October 2, 2023, Trend reports.
Sajjad Khalili, Deputy Minister of Oil for Control of Hydrocarbon Resources and other officials participated in the event dedicated for the signing of contracts.
The four start-up companies are Petro Vision Pasargad Oil & Gas Projects Management and Development Company, Namvaran Upstream Engineering and Testing Company, Asmary Field Services Company and Mehr Energy Discovery and Production Company.
The contracts aim to resume production from oil wells No. 10 and 23 of Iran’s Naft Shahr oil field, oil well No. 28 of Dehloran oil field, and oil wells No. 72 and 115 of Rag Sefid oil field.
The report did not provide any details on the amount and cost of crude oil produced under the contracts.
Reportedly, Iran's Naft Shahr oil field contains about 692 million barrels of crude oil. Iran extracts daily 5,000 barrels of crude oil from this field.
The Dehloran oil field (this field is called Abu Ghraib in Iraq) is located 180 km south of Kermanshah city and 22 km southwest of Dehloran county. The Dehloran field was discovered in 1972. The field contains 4.21 billion barrels of crude oil, of which 635 million barrels are extractable.
Iran's Rag Sefid oil field is located in the south-west of the country between Khuzestan and Kohgiluyeh and Boyer-Ahmad provinces. This field contains about 16 billion barrels of oil, of which 4 billion barrels are extractable. The field produces 190,000 barrels of crude oil per day.
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