Crude production and processing from Lavan, Sirri, Khark and Bahregan oilfields has reached 775,000 bpd, regional director of Lavan Offshore Oil Company told ISNA. The share of Lavan and Sirri islands, off of southern province of Hormozgan, is now at 110,000 bpd and the figure is expected to increase by 90,000 bpd in 3-5 year development plans, Mohammad Baqer Salmani continued, noting that Lavanís oil is one of the lightest in the nation and enjoys high quality.
Lavan Offshore Oil Company has mainly been regarded for its role in the joint fields of Salman, Reshadat, Balal and Resalat jointly owned by Iran and UAE.
Moreover, the company is involved in a gas project at Khaf field, 3 km from Salman Platform, to export 540,000 cubic feet of gas per day via Sirri Island. The platform, to be installed in the field, is 80% complete at Bandar Abbas and it is anticipated to come on stream in 18 months when equipment installation over 11 drilled and completed wells are done.
The plan, initially set at $395 million, is expected to cost $500 million after some due adjustments being made.
The Lavan Company produces 27% of the countryís crude and the refinery in the Island offers 30,000 bpd of oil and diesel fuel for domestic use.