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30% Rise in North Azadegan Oil Deposits

Source: www.gulfoilandgas.com 5/1/2016, Location: Asia

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Engineering studies over North Azadegan oilfield indicate that the field holds 30% more crude oil in its despite than was previously estimated in the field’s 2008 master development plan (MDP).

Mohammad Reza Asadi, director of engineering at Petroleum Engineering and Development Company (PEDEC), told Shana that finalization of the field’s MDP is one of the company’s agendas for development of the field.

Based on the master plan, North Azadegan field will be developed in 2 major phases, he said.

Asadi said the latest estimates show that the field holds 30% more crude oil than it was previously presumed in the MDP that was developed in 2008.

Drilling operations over 100 wells have started nearly a year ago and 60 of the wells are finalized with some being productive.

The field was first decided to be developed by a Chinese developer, CNPCI, but Iran expelled the contractor from North Azadegan for its failure to respect its obligations.

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