BAKU, Azerbaijan, December 9. Crude oil production of Iranian Petroleum Engineering and Development Company (PEDEC) has increased by 43,800 barrels over the past 100 days, Trend reports via PEDEC.
According to the report, production at Iran's South Azadegan field increased by 15,000 barrels per day, and production at Cheshmeh-Khosh, Dalpari, and Paidare-Sharg fields increased by 13,000 barrels per day.
Moreover, production at the Sepehr and Jofair oil fields increased to 11,000 barrels per day with the commissioning of wells No. 6 and No. 7.
Output from the Yaran oil field increased by 4,800 barrels per day as part of the Yaran oil field development plan.
To note, the Iranian Petroleum Engineering and Development Company (PEDEC) has produced 1.5 billion barrels of crude oil since its foundation (1994).
To note, a total of 74 oil fields and 22 gas fields are currently operating in Iran. There are 37 oil fields in the territory of the National Company of Iran's Southern Oil Zones, 14 in the territory of the Iranian Central Oil Zones Company, 5 in the territory of the Arvandan Oil and Gas Production Company, and 18 in the territory of the Offshore Oil Company. Additionally, the South Oil Zones National Company of Iran operates 5 gas fields, the Central Oil Zones Company operates 13, the Pars Oil and Gas Company operates 1, and the Offshore Oil Company operates 3.
Iran's total hydrocarbon reserves are 1.2 trillion barrels. Iran can produce 340 billion barrels of this gas with existing technological equipment. Iran can use about 30 percent, while 70 percent remains unused underground.