25 Jul 2024
Thursday 11 December 2014 - 13:54
Story Code : 136184

South Azadegan output to hit 80,000 b/d

TEHRAN Dec 10 (Shana)--Early production from South Azadegan oil field is expected to reach 80,000 b/d, managing-director of Petroleum Engineering and Development Company (PEDEC) Abdorreza Haji-Hosseinnejad said.
He said that a tender bid is being offered for this purpose, adding that production from South Azadegan is planned to be enhanced from the current 50,000 b/d to 80,000 b/d by March 2016.

The official said that the field is expected to be producing 320,000 b/d by March 2017.
He said the field would produce 600,000 b/d of oil once it undergoes a second phase of development.
Chinas CNPCI was initially in charge of South Azadegan, but Iran cancelled its contract after the Chinese company failed to fulfill its obligations.

By SHANA

 

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