TEHRAN Sep 24 (Shana): Oil production capacity from Hangam oil field has risen seven times to plateau at 30,000 b/d, a senior Iranian oil official says.Managing-Director of Iranian Offshore Oil Company (IOOC) Mahmoud Zirakchianzadeh told Shana in an interview that the crude oil produced by this field is of high quality with 46 api.
He said the fields output was nearly 4,000 b/d before undergoing development.
Laying out a 16-inch subsea pipeline for the first time by applying horizontal drilling between Laft and Pahl ports in Qeshm Island is a significant achievement of the development of Hengam oil field, he added.
Zirakchianzadeh said Hengam oil field supplies feedstock to Bandar Abbas Refinery, adding that a 75-kilometer pipeline will carry processed oil from Hengam oil field to this refinery.
Until recently, four to five dollars were spent for each barrel of oil to be carried to the refinery, but now carrying feedstock in pipeline will save 70 to 80 million dollars, he added.
Hengam, which Iran shares with Oman, is located in the Strait of Hormuz in the east of the Persian Gulf. Iran owns 80 percent of the field.
He said that IOOC is developing 16 new oil and gas fields in the island.
Qeshm is estimated to sit atop more than four billion barrels of oil and 10 trillion cubic feet of gas in place.
Known as the largest Persian Gulf island, Qeshm can become the energy hub there to serve as the largest producer of oil, gas and electricity.
Numerous hydrocarbon fields, the strategic Strait of Hormuz, proximity to Oman, connection to national electricity network and access to Central Asia markets are among advantages of Qeshm to become a center for exporting oil, gas and petrochemical products.
By SHANA
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