Iran Among Onshore Heavy Oil Producers

Source: www.gulfoilandgas.com 4/5/2012, Location: Asia

Managing director of the Iranian Central Oil Fields Company referred to the permanent heavy oil production by 6000 bpd at East Paydar oilfield and said at present Iran is among those OPEC members that are able of producing heavy oil from onshore fields.

Fakour said following the stabilization of 6 thousand barrels of heavy crude at East Paydar, the field is on the threshold of producing 10,000 barrels of oil.

"Regarding the project all executive activities have been carried out by local experts and without foreign companys assistance and present, which is a great achievement", Fakour said, adding the method applied to the field is regarded as a unique and innovative approach.

He continued early production in phase 1 and 2 of the project reached 3.6 and 6 thousand barrels per day respectively which was a unique record of its kind.

Fakour reiterated that 10,000 bpd of oil output from the field is our objective which will soon be materialized.

"Four wells have been drilled at the field from which 3 are on stream and the fourth well will soon be in the pipeline and we are set to drill the fifth one as well", Fakour said.

ICOFC managing director said initial estimate demonstrates that East Paydar holds 115 million barrels of in-place heavy crude.


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