06 September 2011
Managing director of Maroun Oil and Gas Production Company said the company's production of crude oil has increased by 18,500 barrels per day (bpd) in the first five months of the current Iranian year (started March 21).

Hamid Bovared said on Sunday that although Maroun Company's oilfields are among the most complex in the country, its production has increased significantly since March 21.

"Crude production has increased by 7,000 bpd from developed and by 11,500 bpd from repaired wells," IRNA quoted the official as saying.

"As for renovated wells, Maroun Oil and Gas Company's output reached 18,000 bpd indicating that the company's targets for renovated wells have been fully materialized," he noted. He continued that the ten-year record for injecting gas into Maroun's reserves was broken in the current year.

Maroun Oil and Gas Production Company is a subsidiary of the National Iranian South Oil Company (NISOC).

Hormoz Qalavand, managing director of NISOC said on Friday that his company has produced 460 million barrels of oil since late March.

NISOC accounts for 80 percent of the country's total oil and 16 percent of its gas production.

© Iran Daily 2011