Iranian engineering and energy enterprise MAPNA Group have signed a contract with the National Iranian South Oil Company (NISOC) to develop the Paranj and Parsi oilfields in the Khuzestan Province in Iran, The Financial Tribune reported.
According to NISOC CEO Bijan Alipour, MAPNA has previously carried out comprehensive studies on both fields, and the agreement hopes for a boost in output of 30,000-40,000 barrels per day (b/d) from the fields.
“Both fields are among hydrocarbon reservoirs that require gas injection for enhanced oil recovery,” Alipour added.
The Paranj gas injection station became operational in April 2018 with a capacity of 45 million cubic feet per day (mcf/d). Alipour stated that the deal will help policies of boosting domestic companies’ reach in the industry and create jobs in the region.
The Parsi field has reserves of 10 billion barrels of crude and currently produces 58,000 b/d of crude. Paranj has reserves of 1.6 billion barrels of crude and has an output of 18,000 b/d.
MAPNA is involved in projects which include oil and gas field development, onshore and offshore drilling services, the construction of downstream processing units, auxiliary facilities, utility and storage tanks, as well as the design and manufacture of equipment such as turbo-compressors for pipelines, refineries and processing units.