08 August 2012
Paydar Shaqr OilField produces 6000 barrels of oil every day, said Managing director of the Iranian Central OilFields Company Mehdi Fakour .
The oil field had been discovered 30 years ago in an area stretching from Khuzestan to Ilam province, he told IRNA on Tuesday,
It became operational in 1995, but its production never exceeded 500 barrels per day because of containing heavy oil, Fakour said.
He added that there are plans to elevate the oilfield's production capacity to 10,000 bpd.
Paydar Sharq Heavy OilFiled lies within the operation area of the West Oil and Gas Production Company, Fakour said.
He also announced that the Paydar Qarb OilField located in the same area will get operational in the near future.
Iran's total in-place oil reserves have been estimated at more than 560 billion barrels with about 140 billion barrels of extractable oil. In addition, heavy and extra heavy varieties of crude oil account for roughly 70-100 billion barrels of the total reserves.
Iran holds the world's second-largest natural gas reserves. It shares oil and gas fields with most of its neighbors, including Iraq, Kuwait, Qatar and Oman.
The country is OPEC's second largest oil producer and the fourth crude oil exporter. In recent years, Iran has gradually been moving towards becoming a major exporter of refined oil and petrochemical products with significant success.
Paydar Shaqr OilField produces 6000 barrels of oil every day, said Managing director of the Iranian Central OilFields Company Mehdi Fakour .
The oil field had been discovered 30 years ago in an area stretching from Khuzestan to Ilam province, he told IRNA on Tuesday,
It became operational in 1995, but its production never exceeded 500 barrels per day because of containing heavy oil, Fakour said.
He added that there are plans to elevate the oilfield's production capacity to 10,000 bpd.
Paydar Sharq Heavy OilFiled lies within the operation area of the West Oil and Gas Production Company, Fakour said.
He also announced that the Paydar Qarb OilField located in the same area will get operational in the near future.
Iran's total in-place oil reserves have been estimated at more than 560 billion barrels with about 140 billion barrels of extractable oil. In addition, heavy and extra heavy varieties of crude oil account for roughly 70-100 billion barrels of the total reserves.
Iran holds the world's second-largest natural gas reserves. It shares oil and gas fields with most of its neighbors, including Iraq, Kuwait, Qatar and Oman.
The country is OPEC's second largest oil producer and the fourth crude oil exporter. In recent years, Iran has gradually been moving towards becoming a major exporter of refined oil and petrochemical products with significant success.
© Iran Daily 2012
