Iranian Offshore Oil Company (IOOC) has completed drilling operations for the first well at the Sivand offshore oilfield and the well is expected to become operational soon, according to the Tehran Times.
“We are currently in the stage of completing the well and after the end of this stage, production will begin,” Mehdi Heidar-Bozorg Executive Manager of the field’s drilling operations, said.
The well, which has been set up to boost production capacity at the Sivand and Esfand oil fields, will add a further 1,600 barrels of oil per day (bbl/d) to production.
IOOC signed an engineering, procurement and drilling (EPD) contract with Petro Iran Company in 2018 for the maintenance and enhancement of oil production capacity of Sivand, Esfand and Dena offshore oilfields. The multi-faceted deal includes drilling, repair and completion of 13 wells in the three fields, and re-drilling six wells and repairing three others.
After the completion of the plan to increase production at both Sivand and Esfand, daily oil production is expected to increase by 16,000 bbl/d.