Iran’s Yaran Oilfield May Come Online in April, Says Official

Iran’s Yaran Oilfield May Come Online in April, Says Official

The official in charge of the development plan of Iran’s North Yaran oil field says the field will start producing crude oil as of next April.

Arash Baqerzadeh told Oil Ministry’s official SHANA news agency as saying that drilling on the field has so far progressed 60% and production of 30,000 b/d) of crude will start in April 2016.

“This project is progressing according to schedule and a new record in drilling has been achieved in this field compared to other projects that are being carried out in West Karoun region,” he said.

The official added that primary test of the field will be carried out in February 2016 and production of 30,000 b/d of oil will start in April.

Baqerzadeh stated that eleven wells with total depth of 55,000 meters will be drilled by August this year and the drilling operations will finish in January.

He noted that the overall share of the Iranian companies from the project stands at 84 percent, adding, “When it comes to drilling and related services, Iranian companies are in charge of 100% of the operations.”

The official concluded by saying that four drilling rigs are currently operating at North Yaran oil field and the high speed of drilling has obviated the need to use a fifth rig.

North Yaran oil field is located in Khuzestan Province, approximately 130 kilometers west of the provincial capital city of Ahvaz and close to Iran-Iraq border. When the first phase of the field’s development is over, it will produce 30,000 b/d of crude oil with an API between 16 and 18.

Source: Press TV


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