Production from North Yaran oil field is expected to increase from the current 5,000 b/d to 12,000 or 15,000 b/d by July, an official at Petroleum Engineering and Development Company said.
“Upon the agreement of National Iranian Oil Company (NIOC), oil production from North Yaran will increase from the current 5,000 b/d to 12,000 to 15,000 b/d” by next July, Arash Baqerzadeh said.
He said that Iran plans to produce 30,000 b/d from the field it shares with neighboring Iraq.
Baqerzadeh said North Yaran’s output is predicted to reach 30,000 b/d by March 2016.
He said four drilling rigs are currently operating in this field.
Iraq is recovering around 260,000 b/d of oil from its own sector of the field.
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