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North Yaran Reaches Final Production by March 2016

Source: www.gulfoilandgas.com 11/22/2014, Location: Asia

The executive manager of the Development Project of North Yaran Oilfield said, “All required studies for preparing the tender documents have been done,” adding that “90 work packages, out of total 97, have been launched and the field will reach its final production by March 2016.

According to Petroleum, Engineering and Development Company’s (PEDEC) Public Relations (PR), Arash Bagherzadeh said, “4 drilling rigs are working in North Yaran Oilfield, oil is being produced from three wells, and drilling of well No. 9, out of 20 wells, will be started from the next month in the field.”

He also said that accelerating the process of drilling in the field is among the main issues for the development of the project. So, the company has taken the necessary actions for preparing the required drilling goods while all the goods, save for two, have been provided by Iranian companies.

He added, “40% of the goods and facilities have been installed in the field and the rest will enter the site by the next two months. Most tenders for surface facilities have been put out and contractors including, 5 EPC contractors for permanent and temporary camps, cluster, pipelines and flow pipelines have started working.”

He said that the progress of the project is 30% for the time being and hoped that the actions taken by the company will accelerate the progress to have the final production by March 2016 in the field.

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