to National Iranian Oil Company (NIOC) website, Touraj Dehghani, caretaker of
the field's development project at PEDEC, said his company is considering signature
of a deal with a leading European oil company for developing the field.
the increase will be made possible in the first half of the next Iranian calendar
year beginning on March 21.
underlined the field's massive development potentiality, adding production
capacity of the field can reach 300,000 b/d in a 30-month period provided that
the needed efforts are exerted for its development.
added: "Since the decommissioning of the Chinese developer of the field in
2014, the development of the field with the help of Iranian companies has been
on the agenda, and studies show that our performance compared with foreign
companies in terms of saving time and money is not only efficient, perhaps in some areas we are ahead of them, and this indicates the need to believe in the ability
of Iranian companies."
economic mechanism for the development of high capacity fields is set in a way
that, after investing in the short-term period, the plan enters the production
stage and the economic return," said Dehghani, referring to the governing
structure of the development of huge oil fields in the world.
Dehghani further added that about 120 wells have been drilled in the field so far.
total, we are seeing more than 100,000 barrels of oil produced in the South
Azadegan field today, which is a record by itself," the official added.