13 June 2024 - 10:44
  • News ID: 642945
Yadavaran Boosting Oil Production Plan Launched

SHANA ((Tehran) - The Yadavaran shared oil field’s development plan was launched on Wednesday with the aim of boosting oil production by 42 thousand barrels per day.

According to a Shana report, implementation of the plan started yesterday in the presence of the National Iranian Oil Company’s (NIOC) managing director, Mohsen Khojastemehr, and a number of other Petroleum Ministry managers via videoconference.

The plan consists of drilling 24 oil wells including 12 developmental wells in each of Fahlan and Sarvak layers with a 350 million dollars investment with the aim of maintaining and increasing oil production by 42 thousand barrels per day.

Earlier last May, when Iran Oil Show 2024 was underway in Tehran, the Petroleum Engineering and Development Company (PEDEC), on behalf of NIOC, signed separate contracts with the National Drilling Oil Company (NIDC), the Qeshm Oil and Energy Industry Development Company (OEID) and Khatam al-Anbiya Construction Headquarter (KAA) for drilling 24 oil wells in Yadavaran oil field.      

PEDEC has already built access roads and provided cellars (places required for drilling wells) and other items for installation of drilling rigs in order to speed up operations.

Yadavaran is one of the largest oil fields Iran shares with its neighboring countries. The oil filed is located 70 kilometers southwest Ahwaz, the capital of southwest province of Khuzestan near the common border with Iraq.

News ID 642945


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