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Changuleh Oil Field Development Contract Was Signed

Source: 2/7/2012, Location: Asia

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Making the above remarks at signing ceremony of development contract of Changuleh oil field on Monday, NIOCís managing director Ahmad Qalebani added the contract was signed between Petroleum Engineering and Development Company (PEDEC) on the one hand and Dana Oil And Gas Company as one of the capable domestic contractors on the other hand.

The contract including three phases, the official said adding following ending oil fieldís studies and starting early production of 15 thousand barrels of oil per day, the final phase of development plan will be launched by signing a contract aiming at production of 65 thousand barrels per day.

He also referred to plans for signing 12 other oil and gas contracts adding since the beginning of the Iranian calendar year on 21 March 2011, development contracts of 8 fields had been signed and the remaining ones would be inked in coming weeks mainly with domestic contactors.

During the ceremony, PEDECí managing director, Naji Sadouni, said: We prioritized development of Azar and Changuleh oil fields because they are shared oil fields and among the ministry of petroleum priorities for development.

Elaborating on Changuleh oil filed development plan, Sadouni said some infrastructures had been provided including construction of related roads and clearing mines in the region.

Sadouni referred to early production from Changuleh oil field with 15 thousand barrels per day as the second phase of development plan which will be completed in a 30 month period.

ĎConstruction of a 130 kilometers pipeline to transfer the oil from the field to Dehloran and repairing and completing of two oil wells plus drilling two new ones are among the other activities related to the second phase of the development planí PEDECís managing director concluded.

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Related Articles: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Insurance  Investment  Mergers and Acquisitions  Risk Management 

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