According to the Petroleum Engineering and Development Co., Keyvan Yar­Ahmadi outlined the objectives, execution plans and 2026 budget for the new development phase during the kickoff meeting held Tuesday. The meeting was held following the ratification and notification of the contract’s start and was attended by Nasrollah Zarei, managing director of the company, board members, the project team and other key stakeholders.

Yar­Ahmadi said the managing director emphasized the need to quickly submit the 1405 plan and budget, complete all technical and contractual documents, and prepare for the first JMC meeting so that implementation can begin as soon as possible.

He also presented a report on Phase 1 of the Azar field development and activities carried out under the preliminary agreement (PAA) for Phase Two, outlining key components planned for the new phase.

Yar­Ahmadi said Phase Two consists of two stages. The first includes drilling 12 wells, installing downhole pumps in all new and existing wells, performing acid fracturing on the new vertical wells, building wellhead facilities and flow lines, and constructing drilling pads and access roads.

The second stage will involve drilling seven additional wells, installing downhole pumps, conducting acid fracturing operations and completing the wellhead facilities.

He reiterated that the project aims to raise production by about 30,000 barrels per day and said the team is working to deliver the increase within the approved timeline.