Production of Crude from Iran’s Shared Oilfield with Iraq Starts
Iranian Oil Minister Javad Owji issued the order for starting oil production from Sohrab field via videoconference.
The field’s initial output is 2,000 bpd as its ultimate production capacity amounts to 30,000 bpd.
Located 115 kilometers Northwest of Ahvaz, the capital city of Southwestern province of Khuzestan, near the Iran-Iraq border, Sohrab field’s oil in-place (OIP) and recoverable oil amount to around 2 billion and 150 million barrels respectively.
To produce 30,000 bpd in the oil field and complete the project, drilling 20 wells, repairing the two existing wells, equipping 14 production wells with downhole pumps, setting up surface facilities including oil pumping stations, laying about 160 kilometers of flow pipeline and some 60 kilometers of transmission pipeline, establishing an electricity grid, and operating measurement systems are on the agenda.
About 4,000 job opportunities will be directly and indirectly created in Khuzestan Province and the country when they are implemented.
Iran regained its position as the third biggest crude oil producer in the Organization of the Petroleum Exporting Countries (OPEC) with production of over three million barrels of oil in November.
According to the OPEC’s latest report, Iran produced 3.128 million bpd of crude oil in November, registering a 7,000 bpd increase compared to the previous month.
It added that based on secondary sources, Iran produced 3.121 million bpd of crude oil in October.
The Islamic Republic’s average crude output for the third quarter of 2023 stood at 3.003 million bpd indicating a 35,000 bpd increase compared to the figure for the second quarter of the year.
The report put the average Iranian crude output for 2022 at 2.554 million bpd, while the average output in 2021 was 2.392 million bpd.
These figures showed that Iran has maintained its place as the third-largest oil producer among the OPEC members.
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