The Iran Project

Forouzan output to hit 100,000 b/d

TEHRAN (FNA)- Production from Forouzan oil field will increase to 100,000 b/d by March 2015 after the installation of two production and residential platforms in the field Iran shares with Kuwait.

The development of the field was considered by National Iranian Oil Company (NIOC) several years ago in line with Petroleum Ministry’s prioritization of shared hydrocarbon fields for development.

Development of Forouzan will also add more than 250 mcf/d of gas to the country’s production.

The field will bring Iran one million dollars in revenue a day. The field currently produces 20,000 to 40,000 b/d of oil from 36 wells operated by two production platforms and 12 wellhead platforms.

Forouzan is under development without drilling any new well and only through gas injection method.

Mahmoud Zirakchianzadeh, managing-director of Iranian Offshore Oil Company, had earlier said that the facilities in Forouzan oil field are being repaired for the development of the field.

Development of Forouzan oil field is comprised of two sections; the first section involves engineering, procurement, construction and installation of subsea pipelines and cables. Iranian Offshore Engineering and Construction Company (IOEC) has met its commitments for laying out 156 kilometers of pipeline. The second section is about the installation of jackets, processing and residential platforms.

The jackets – FY-A and FZ-A – have been constructed and installed by IOEC. The platforms are also under construction.

Amir Saeed Najafi, deputy head of IOEC, told Shana that the contract for the construction of two 6,500-ton and 2,500-ton platforms have been signed between IOEC and IOOC. But due to the urgency of the project, the job has been assigned to a foreign partner.

Najafi expressed hope that the production and residential topsides will become operational in a year and half.

Development of Forouzan is also aimed at converting 258 mcf/d of associated gas to other products. A pipeline will carry this volume of associated gas to a natural gas liquid (NGL) facility in Kharg Island.

Forouzan was earlier announced to be ready for development by March next year, but due to specific conditions in the upstream section of the project, the duration was extended for two years.

In this project administered by IOOC, Petroiran Development Company is the general contractor and the IOEC is the manufacturer and installer.

By Fars News Agency


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