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Balaroud Early Production at 88% Headway

Source: www.gulfoilandgas.com 7/25/2011, Location: Asia

Balaroud early production project has made 88% headway up to now, announced project's supervisor. According to Mohammad Hossein Rezvani, executive scope of this project includes: repairing well no1, drilling of new 3 wells, constructing wellhead facilities, 7- kilometer power transmission line and a booster cluster unit with capacity of 10,000 barrels per day plus laying 16 kilometer flowing lines.

" In order to transfer crude to Ghalener production unit, an 8" transmission line as long as 15 kilometers will be laid," Rezvani continued. The project allocated value is estimated at $28.7 million and it is predicted to be accomplished within 18 months.

Located at north of Kouzestan province, Balaroud oilfield was discovered in 2008. Balaroud oilfield deposits over 2 trillion cubic feet of gas in its Sarvak and Fahlian formations.

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