Official: Iran Keen to Develop Joint Oilfields

Official: Iran Keen to Develop Joint Oilfields

TEHRAN (FNA)- Operator of the South Yaran Oil Field Development Project Homayoun Kazemeini underlined that Iran has placed development of it joint oil fields high on its agenda.

"The daily extraction from South Yaran joint oilfield will hit 10,000 barrels for the current year," Kazemeini said.

He said development of oil fields west of Karoun, which is home to the biggest oil field of Iran, is given the priority by the Iranian Oil Ministry.

The official reiterated that as joint fields west of Karoun, including South Azadegan, North Azadegan, Yadavaran, North Yaran and South Yaran, were given the priority in the list of fields to undergo development, their development was accelerated.

Yaran field is divided into North and South Yaran, having the capacity of two billion barrels of in-place oil reserves. It is common with Iraqi Majnoon field. Development of the field was entrusted to the Petroleum Development and Engineering Company on approval of the board of directors of National Iranian Oil Company in July 2013.

The aim of development South Yaran field is production of 50,000 to 60,000 barrels of oil and 60 million cubic feet of gas a day.


SOURCE: Farsnews

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