Iran starts early production from joint oil field with Iraq
By Trend
Iran started early oil production from South Yaran, an oil field shared with Iraq.
The shared oil field was expected to come on stream by March 2018, with a daily output of 10,000 barrels.
Now, Nouraddin Shahnazizadeh, managing director of the Petroleum Engineering and Development Company (PEDEC) says that the production from the field has started from 6 wells.
At the moment, 10,000 barrels of oil is extracted from the field and is transferred to South Azadegan field, and from there is delivered to export terminals, Shahnazizadeh said, the official website of the PEDEC reported Nov. 26.
He further said that 18 wells are drilled at the oil field.
The Yaran is dissected into two northern and southern parts. Shared with Iraq, the field holds over 1.6 billion barrels of in-situ oil. North and South Yaran oil fields hold one billion and 600 million of reserves respectively. North Yaran’s cumulative oil production has reached 1.04 million barrels. Iran has developed the North Yaran field by 89 percent, producing 30,000 b/d of oil from this field.
The field is part of what Iran calls the West Karoun oil fields. As they are shared with Iraq, the fields have been put high on agenda by Iran.
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