Iran Increases Output at Jofeyr Oilfield
The new well will boost oil production at Jofeyr by 3,000 barrels per day (bpd), said Mohammadi.
He added that production from the new well will increase by another 1,000 bpd in the very near future, noting that the technicians were working to stabilize output from the well.
He said the company had mostly relied on equipment sourced from domestic suppliers to make the well operational.
The increase in production at Jofeyr comes more than seven months after the PEDC, a subsidiary of Iran’s Bank Pasargad, started pumping 50,000 bpd of oil from the field.
Jofeyr is located just 30 kilometers from Azadegan, the largest of several oil reserves to the west of Karun River which are shared between Iran and Iraq.
Iran has introduced plans to ramp up output from oilfields shared with Iraq as the Arab country continues to invest heavily on its side of the oil reserve.
The expansion of production at Jofeyr comes amid Iran’s growing efforts to rely more on domestic technology and know-how to develop its giant petroleum industry amid sanctions that restrict the presence of foreign companies in the sector.
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