Iran to start early production at two oilfields

Iran will launch early production at two oilfields in the next three months, the Shana News Agency quoted the managing director of the National Iranian Central Oilfields Company as saying.

Mehdi Fakour added that the early production is projected to yield 15,000 barrels per day.

To date, 10 wells have been drilled at the oilfields and two other will soon become ready for being injected with natural gas, he noted.

The National Iranian Oil Company (NIOC) will inaugurate early production at three oilfields, three desalination plans, establishing pipelines and power stations by the end of the current calendar year (March 19).

Starting 20,000 barrels per day production at Yadavaran oilfield and 10,000 bpd at each of Sarvestan and Saadatabad oilfields are among the projects.

The NIOC's managing director Ahmad Qalebani has said that the country's daily oil and gas outputs should amount to five million barrels and 1.47 billion cubic meters by 2015.

Oil Minister Rostam Qasemi said in August 2011 that the Iranian government should consider plans for the development of joint oilfields.

The government should increase the budgets for the development of joint oilfields, Qasemi added. "The oil industry's infrastructure needs more than 500 trillion rials (about $41 billion) of investment to achieve objectives of the 20-Year Outlook Plan," Qasemi was quoted as saying."


/Trend/