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11/05/07

Early production at Iran's Azadegan oilfield to start in January - NISOC

Tehran, Nov 5, IRNA - National Iranian South Oil Company (NISOC) Managing Director Seifollah Jashn-Saz Monday said the early production of huge Azadegan oilfield would kick off in January 2008.

He made the statement in a session attended by Acting Oil Minister Gholam-Hossein Nozari, senior managers of Petroleum Ministry, members of National Iranian Oil Company's (NIOC) board of directors, and members of NISOC directorate in Ahvaz, the capital of Khuzestan Province, northwest Iran, PIN reported on Monday.

"According to the prediction, the seven wells of the (Azadegan) field are expected to produce 25 thousand barrels per day (bpd), said Jashn-Saz.

The official added the experts of NISOC and Petroiran Co were outlining a plan on the second stage of production in an attempt to lift Azadegan's output to 50 thousand barrels a day.

"To this end, the setting up of an independent exploitation plant and a desalination unit, drilling of 12 wells in Azadegan field, and laying of 130 kilometers of 24 inch pipeline extending from the region to Ahvaz have been planned," said the NISOC head.

Shifting to his company's oil output, Jashn-Saz said NISOC had currently the capacity to produce 3.23 million barrels of oil daily, i.e. 19 thousand barrels beyond the figure targeted by the plan for the current year.

"Furthermore, eight thousand barrels of oil will be added to the production capacity next week by Mansourabad field in Gachsaran and seven thousand barrels within next month by Zilaei field in Masjed Soleiman," he vowed.

Nozari arrived in Ahvaz this morning to pay a visit to Azadegan oilfield.

Iran expects to produce 25,000 bpd from Azadegan oilfield by around mid-January, contributing to gradually rising output capacity in the OPEC state, Nozari said.

He added that the sanctions on Iran were not hurting the energy industry in the No. 2 OPEC crude producer.

... Payvand News - 11/05/07 ... --



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