Iran to boost oil extraction from Yaran oilfield

TEHRAN (FNA)- Managing Director of the Petroleum Engineering and Development Company (PEDEC) Abdolreza Haji Hosseinnejad said drilling operations of two new wells in the North Yaran oilfield in the Southern Province of Khuzestan will be completed in the near future.

“In total, 19 oil wells are scheduled to be drilled within the framework of development project of North Yaran oilfield. Except for Well No. 1 (which is already producing oil), three more wells, including two production and an appraisal well, are to be drilled,” Haji Hosseinnejad said.

North Yaran’s first well is currently producing 1,500 barrel per day b/d of oil. Completion of two more wells will bring the production to 4,500 b/d.

Haji Hosseinnejad said the field production will reach 30,000 b/d next year.

He said three drilling rigs are already operating in this field, adding that one more rig is likely to be added.

North Yaran field, holding more than 900 million barrels of oil in place, is located in the Southwestern province of Khuzestan. It is shared with Iraq.

By Fars News Agency


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