Gulf Oil and Gas accountACCOUNT

Iran to Increase Oil Output from Azar, South Azadegan Oilfields

Source: www.gulfoilandgas.com 5/15/2018, Location: Asia

Share |
The CEO of the Petroleum Engineering and Development Company (PEDEC) says the company is planning to ramp up crude oil production from the joint Azar and South Azadegan oilfields during the current Iranian calendar year which began on March 21.

Noureddin Shahnazizadeh said production of crude oil from South Azadegan will reach 170,000 b/d and Azar’s 65,000 b/d by the end of the calendar year.

He said, last Tuesday, that possible renewed sanctions on Iran would be costly, but not to the extent to worry officials.

“[Probable] sanctions will increase our costs and cause [implementation of] our projects to last longer, but we are not worried,” Nouroddin Shahnazizadeh said.

“The oil production from the South Azadegan [oil field] has increased from 30,000 b/d to 100,000 b/d owning to domestic capabilities. Therefore we can still continue with development with the help of domestic capabilities,” he added.

Shahnazizadeh said that “Sanctions are not good, but we are not worried and we don’t fear them,” said. “We never welcome sanctions, but even if new sanctions grip the petroleum industry we will strongly and firmly continue our development activities, as we have already done.”

He said that European companies were engaged in talks with Iranian companies with a view to more cooperation.

PEDEC administers oil industry projects in the West Karoun area, which houses fields shared with neighboring Iraq. PEDEC is currently supplying up to 350,000 b/d of oil, which is expected to exceed 450,000 b/d by next March.

Production News in Iran >>

United States >>  10/18/2018 - BP has started up the Thunder Horse Northwest Expansion project in the deepwater Gulf of Mexico, four months ahead of schedule and 15 percent under bu...
Azerbaijan >>  10/17/2018 - Following the growth in production, over 3 billion cubic meters of gas have been supplied to gas storage facilities. ...

Norway >>  10/15/2018 - On 14 October the Oseberg Vestflanken 2 field in the North Sea came on stream. Remote-operated from the Oseberg field centre, the new Oseberg H platfo...
United States >>  10/10/2018 - Murphy Oil Corporation (MUR) announced that its wholly owned subsidiary, Murphy Exploration & Production Company - USA, has entered into a definitive ...

Iraq >>  10/9/2018 - Genel Energy plc notes that DNO ASA, as operator of the Tawke PSC (Genel 25% working interest), has issued an update on licence activity: ...
Brazil >>  10/5/2018 - Dommo Energia S.A., announces to its shareholders and the general market that the oil production from the Atlanta Field reached a total of 1,185.1 tho...

Related Categories: Camp Building  Cleaning Equipment, Services  Communication  Corrosion Products/Services  Development  Exploration  Food Supplies  General  Labor Services  Land & Leasing  Mine Clearance  Oil & Gas Companies  Production  Service Companies  Skilled Labors  Transportation, 4X4 Trucks  Unskilled Labors  Utility Systems  Waste Disposal  Water Supply Services  Welding Products/Services 

Related Articles: Camp Building  Cleaning Equipment, Services  Communication  Corrosion Products/Services  Development  Exploration  General  Labor Services  Land & Leasing  Mine Clearance  Oil & Gas Companies  Production  Service Companies  Transportation, 4X4 Trucks  Utility Systems  Water Supply Services  Welding Products/Services 


Iran Oil & Gas 1 >>  2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | 16 | 17 | 18 | 19 | 20 | 21 | 22 | 23 | 24 | 25 |

Oil & Gas Projects in Iran >>

More News

 

Oil & Gas Companies in Iran >>


Related Links

Gulf Oil and Gas
Copyright © Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.