IOOC recently commissioned a study of the Hendijan reservoir, which is thought to have showed that a total of 1.5 billion barrels of crude were recoverable from the field, almost three times the original estimate.
Local company Pars Petro Zagros Engineering & Services has developed a masterplan to develop Hendijan reserves, along with a number of southern regions including the Bahregansar field.
IOOC’s managing director, Mahmoud Zirakchianzadeh, told Iran’s state-run energy news agency, Shana, that the company would raise overall production volumes to 60,000 b/d from about 40,000 b/d currently.
You might also like...
PIF entity makes $1bn Lucid placement
29 March 2024
Petro Rabigh awards KBR maintenance contract
29 March 2024
Diriyah Company seeks firms for demolition package
29 March 2024
European finance in place for Tunisia Bizerte bridge
29 March 2024
A MEED Subscription...
Subscribe or upgrade your current MEED.com package to support your strategic planning with the MENA region’s best source of business information. Proceed to our online shop below to find out more about the features in each package.