Economy
Fri Sep 18, 2020 5:3
Iran Nearing Full Production at Azar Oilfield
TEHRAN (FNA)- Azar oilfield is on the verge of attaining production capacity of 65,000 barrels of oil per day by using the ancillary facilities of the Central Processing Facility (CPF), an energy official announced.

"With the successful commissioning of oil trains and ancillary facilities (CPF) of Azar oil field and oil production with the desired quality specifications, this project is on the verge of reaching its envisaged production capacity,"  Petroleum Engineering and Development Company (PEDEC) quoted operator of the Azar oilfield development project Keyvan Yarahmadi as announcing.

"The SAT test of the crude oil metering system in the joint field will be done soon and the production test of 21 out of 28 days of final production from this field will begin. The ultimate goal of developing this field is to reach a daily production capacity of 65,000 barrels of crude oil from this joint oil field,” he added.

The operator of the Azar oil field development project stated, “The cumulative production of this joint field in the form of an early production project has exceeded 30 million barrels of crude oil.”

Azar oil field is located in Anaran block, on the tip of Zagros mountains and along the Iran-Iraq border.

Inauguration of the facility realizes the final production target of 65,000 barrels of crude oil per day in this field.

The PEDEC, as the employer of the project, had announced that the countdown has begun for production of 65,000 b/d of crude oil under a buyback deal.

Oil Industry Pension Fund Investment Company (OPIC) (as investor of the project) has signed a deal with the Oil Industries Engineering and Construction Company (OIEC) for developing the geo-physically complicated field.

Production of 15,000 b/d from the field began in 2016 and nearly doubled in about two months.

 

 

 

 

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