Iran to develop oil facilities to boost production

06 May 2008
Iranian Offshore Oil Company (IOOC) expects to complete new onshore and offshore facilities at the Hendijan and Bahregansar fields by September, with production expected to top 60,000-barrels-a-day (b/d).

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.

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