Installation of Forouzan oilfield LQP by late september

Shana–Iran started loading of a living quarter platform’s jacket destined for Forouzan offshore oilfield in Persian Gulf. Installation of the platform is scheduled to be complete by late September.

Loading of the 1,025-ton LQP jacket began at the yard of Naft Sazeh Qeshm Company in Qesham Island on Wednesday.

The jacket’s topside will also be loaded from the coastal province of Bushehr in a short while.

Naft Sazeh Qeshm Company is also assembling jackets and another topside for the joint oilfield.

Iran shares the field with Saudi Arabia in Persian Gulf waters 100 kilometers off Khark Island.

Iran’s crude oil recovery from the field has reached 763 million barrels, 24% of the field’s total oil output.

Iran enjoys only 11% of the field but has so far recovered 24% of its total crude oil output.

Meanwhile, Saudi Arabia has recovered 2.360 billion barrels of crude oil from the field.

The Iranian Offshore Oil Company (IOOC) is currently recovering 38,000 b/d from the field, while Saudi Arabia is extracting only 190,000 b/d given its facilities to recover 400,000 b/d from the field.