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.