24 January 2021 - 17:07
  • News ID: 312570
ICOFC Ready for Resuming Pre-Sanctions Output

TEHRAN (Shana) -- The CEO of the Iranian Central Oil Fields Company (ICOFC) voiced his company's readiness to bring back its production capacity to the pre-sanctions era.

Addressing a press conference on Sunday, on the sidelines of the 25th Iran Oil, Gas, Refining and Petrochemical Exhibition here in Tehran, Ramin Hatami said his company had fulfilled all its production commitments over the past 10 months despite the difficulties caused by the sanctions and the coronavirus pandemic.

Referring to the 37 percent increase in the production capacity of the company's joint oil fields compared to last year, he said: "The company is fully prepared to return oil production to pre-sanctions levels."

The CEO of the Iranian Central Oil Fields Company also announced a significant increase in the amount of gas storage in the current calendar year, and added: "At the peak of production from storage tanks, about 25 million cubic meters of gas has been produced on a daily basis."

Hatami further underlined the company's plans to maintain and enhance production, and said: "In Saadatabad Field, the progress has reached 75% and in Danan and Naftshahr, we have reached 40% progress. In Danan, three active rigs and 95% of the goods are made domestically. In this field, seismic operations have been carried out in an area of ​​500 square kilometers and good information has been obtained."

He pointed to job creation and the use of local forces in the projects to maintain and surge oil production, and added in the South Zagros Basin, a comprehensive plan for sustainable gas supply of refineries has been developed and the development of Homa, Varavi and Tabnak gas booster stations using domestic resources has begun.

The CEO of the Central Iranian Oil Company pointed to the implementation of the second phase of the development of Tang-e-Bijar Field, and said: "We will complete the subsurface work in the next month and the project's surface section is underway, which will increase the feedstock of Ilam Refinery."

Hatami, stating that preliminary activities are underway for the development of Toos field, continued: "We hope that with the construction of NGL 3100 plant, all the associated gases in Dehloran region will be collected."

News ID 312570


Your Comment

You are replying to: .
0 + 0 =