Iran Increases Oil Output at South Azadegan Field by 2,500 bpd
Head of the National Iranian Oil Company (NIOC) Mohsen Khojasteh Mehr announced in December 2023 the drilling of 60 new wells in the South Azadegan oilfield to boost production capacity.
He added that the South Azadegan field's production capacity has seen a significant increase with the addition of 60 new wells over the past year, reaching a current production level of 120,000 bpd.
Khojasteh Mehr pointed out that development plans have been finalized for all of the country’s joint fields, and programs are underway to sign a contract to develop two additional joint fields by March 20.
In July 2020, a consortium of Iranian companies including, Petropars, signed a deal with NIOC to raise Azadegan field’s output capacity to 320,000 bpd from 140,000 bpd within 30 months.
South Azadegan oilfield is located 80 kilometers west of Ahvaz (the capital city of Iran’s Southwestern Khuzestan province), near the Iraqi border.
The oil reserves in this field are estimated to be around 25.34 billion barrels, and the recoverable oil is estimated to be around 1.7 billion barrels, taking into account the recovery factor of 6.6 percent.
The development process of the South Azadegan oilfield is accomplished in the form of two development phases, and according to the targeting, the production in this field is supposed to reach 600,000 bpd.
South Azadegan is one of the five major oilfields Iran shares with Iraq in the western part of Iran’s Karoun region, known as West Karoun fields.
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