BAKU, Azerbaijan, December 16. The development
of Iran's Yadavaran oil field is planned to be launched in
mid-January, Ali Akbar Moshtaghi, an official of Iran's Petroleum
Engineering and Development Company, told local media, Trend reports.
According to him, in alignment with the sector's advancement
strategy, a total of 24 novel boreholes are slated for drilling and
enhancement initiatives.
Moshtaghi explained that 14 wells will be located in the
southern part of the field. Given the high underground water levels
in the southern area, operational work might face some challenges.
In the northern and northwestern parts of the field, 10 wells will
be drilled.
The company official emphasized that the goal of the development
is to increase production by 42,000 barrels per day. This target
has been set by Iran's Ministry of Petroleum and the National Oil
Company.
Moshtaghi added that the development work will be carried out by
Iran's Bina-EPC Company and the Khatam al-Anbiya Construction
Headquarters.
The Yadavaran oil field, situated 60 kilometers southwest of
Ahvaz city, Khuzestan Province, near the Iran-Iraq border, holds an
estimated 6.3 billion barrels of oil in place, of which 6.2 billion
are considered recoverable. Current production exceeds 50,000
barrels per day, while during the first development phase, output
reached over 110,000 barrels per day from 49 wells.
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