16 June 2024 - 12:53
  • News ID: 643063
Changuleh Oil Field Development Plan Contract Signed

SHANA (Tehran) – Changuleh oil field development contract was signed today between the National Iranian Oil Company (NIOC) and Oil Industry Engineering and Construction Company (OIEC).

The contract is signed in line with the 5-year development plans of the country on maximum withdrawal oil from oil fields and especially shared ones. It has been signed for a 20-year period and is estimated to yield 228 million barrels of oil in total.

The shared oil field with 4.8 billion barrels of in place oil reserves is located in Ilam province, 50 km southeast of Mehran city and 5 km north of Iran-Iraq border.

Drilling 18 production wells, 2 appraisal wells, 2 waste water disposal wells, repairing 2 oil wells, setting up wellhead installations and pipelines, plus setting up crude oil and associated gases conveyance and refining installations are among the operations which are going to be carried out in Changuleh oil field to realize rising oil production goal.

Changuleh oil field development plan was approved during the late president, Ibrahim Raisi’s visit to Ilam Province and its implementation will play a significant role in economic prosperity and creating jobs in the province.  

 It is estimated that development plans of Changuleh oil field will create 6500 jobs either directly or indirectly.

News ID 643063


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