19 August 2020 - 14:59
  • News Code: 306258
OIL of Bangshir reservoir of Ramshir Field Increased

TEHRAN (Shana) -- New studies on the Bangestan reservoir of the Ramshir oil field show that the average volume of oil in-place (OIP) in this reservoir is roughly 3.5 times the previous estimates and it is possible to increase production from this reservoir up to 30,000 barrels per day.

According to National Iranian South Oil Company (NISOC), Ramin Roghanian, Technical Deputy of Petroleum Engineering at NISOC, said: "Due to the drilling of three new wells of 14, 22 and 23 and obtaining new petrophysical data and changing the water-oil contact level, a revision to the OIP of the Bangestan reservoir of Ramshir field was put on agenda.”

Considering the suitable capacity of reservoir wells in oil production and drilling new wells, the production capacity of Bangestan reservoir can reach about 30,000 barrels per day, which shows an increase of 19,000 barrels per day compared to the previous production capacity estimates, he said.

Roghanian said this amount of production enhancement would promise a monthly income of over $23 million for the company considering $40/b oil.

Ramshir Fields is located 120 km southeast of Ahvaz near Zagros area.

News Code 306258

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