Gulf Oil and Gas accountACCOUNT

5% Recovery Rate at Iran’s Largest Joint Oilfield

Source: www.gulfoilandgas.com 8/13/2019, Location: Asia

The Director of Consolidated Planning at the National Iranian Oil Company (NIOC) said according to the MDPs provided to the NIOC for developing South and North Azadegan oilfields, the initial recovery rate in the Sarvak layer of South Azadegan is 5.1% and 4.5% in North Azadegan which is while the layer accounts for nearly 90% of the field’s in-place oil reserves.

Speaking to Shana, Karim Zobeidi said this recovery rate is almost half of the average of that in other fields operated by NIOC in Iran, adding that Azadegan oilfield is estimated to hold 45 billion barrels of crude oil in its reserves.

According to him, the primary and secondary recovery rates of the Sarvak layer in the Ahwaz district are 10 and 2.5 percent, respectively, which is about half of that in Aghajari and Gachsaran fields.

Zobeidi also added that due to the need for large investments, the development of Azadegan field has not been fully possible in recent years and limited development is underway in the field.

He said 24% is the average rate of recovery of crude oil in Iran while the figure is 35% in the world.

With each percent of growth in recovery rate, over 7 billion barrels of oil can be recovered, he said; an amount which is tantamount to a daily production of 4 mbd or roughly $350 billion of revenue generation.

Reservoir Engineering & Recovery Methods News in Iran >>

Azerbaijan >>  8/19/2019 - Petrofac, in a joint venture (JV) with the State Oil Company of the Republic of Azerbaijan (SOCAR), has secured an Engineering and Technical Services ...
India >>  8/19/2019 - INTECSEA Inc, a wholly owned subsidiary of Worley, has been awarded a project management consultancy (“PMC”) contract by Reliance Industries Limited (...

China >>  8/12/2019 - China based offshore and subsea solutions company, COOEC Offshore, has formed an alliance with international oilfield services company, Expro. The for...
India >>  8/6/2019 - BP and Reliance Industries Limited (RIL) have agreed to form a new joint venture that will include a retail service station network and aviation fuels...

Russia >>  8/2/2019 - Saipem has reached an agreement with Technip France and NIPIgaspererabotka to participate in the Joint Venture for the realization of the Arctic LNG 2...
China >>  7/29/2019 - TechnipFMC celebrated the first steel cut of the manifolds and subsea structures for CNOOC’s Liuhua 16-2 Oilfields Development Project recently. The m...

Related Categories: Formation Evaluation  General  Geological, Geophysical  Geophysical Contractors  Mud Logging  Reservoir Engineering & Recovery Methods  Seismic survey  Well Completion, Logging, Workover 

Related Articles: Formation Evaluation  General  Geological, Geophysical  Geophysical Contractors  Mud Logging  Reservoir Engineering & Recovery Methods  Seismic survey  Well Completion, Logging, Workover 


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 | 26 |

Oil & Gas Projects in Iran >>

More News

Related Links

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