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Yadavaran Oil Field’s Production on the Rise

Source: Shana 6/9/2012, Location: Asia

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Early production from Yadavaran oil field will rise to 20 thousand barrels a day up to the end of current Iranian calendar month, Khordad, that ends on 20th June.

Managing director of Arvandan Oil and Gas Company, Salbali Karimi, made the above remarks, adding at present the oil field is yielding 16 thousand barrels of oil per day.

In order to raise oil production to 20 thousand barrels per day eight wells have been drilled, according a report by Shana.

Yadavaran oil field is located 70 kilometers southwest of Ahwaz city near the border with Iraq.

Development plan of the field includes three phases in which oil production will rise to 85.000, 180.000 and 300.000 barrels of oil per day in first, second and third phases respectively.

In place oil reserves of the field is estimated at 12 billion barrels while the volume of associated gas reserves at 12.5 trillion cubic feet and gas condensate reserves at 1.9 billion barrels. Also it is forecast 2.7 trillion cubic meters of gas and 397 million barrels of gas condensate could be recovered from the field which comprises of three layers.

Development contract of the field was signed between Iranian company Petroleum Engineering and Development Company and Sinopec from China in 2007.

The Chinese company started development work in 2009 and succeeded to bring the field on stream in a 16 month period.

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