Iran Oil Output to Rise by 850 Thousand b/d

Source: www.gulfoilandgas.com 4/21/2012, Location: Asia

Iranís oil production from shared oil fields will reach 850 thousand barrels per day up to the end of fifth five year development plan in 2015, the National Iranian Oil Companyís official said.

Speaking in a press conference at the 17th Oil Show in Tehran on friday, NIOCís director for combined planning, Abdol-Majid Delparish, said: At onshore fields shared with Iraq, Iran is approximately producing the same amount of oil as the neighboring country but in offshore sector, mainly in oil layer of the South Pars gas field, Iran lags behind Qatar in oil production Ďbut some steps have been taken to make up for the gapí.

On onshore gas fields shared by Iran and Iraq, the official noted that neither Iran nor Iraq extract gas from the fields.

Delparish said Iran and Qatar produce 230 and 430 million cubic meters of gas per day from South Pars gas field.

ĎAt the time being the bulk of Iranís oil production come from Ahwas, Maroon, Gachsaran, Aghajari, Parsi, Kerenge And Bibi Hakimeh fieldsí, Delparish said adding for enhancing recovery rate, natural gas is being injected to the mentioned oil fields, except Ahwaz oil field which yields a good amount of oil normally.

Speaking on the latest data on hydrocarbon reserves, Delparish said based on the latest assessments in late last year, Iranís recoverable oil and gas reserves respectively stand at 154 billion barrels and 33.5 trillion cubic meters.


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