Managing director of Petroleum Engineering and Development Company
(PEDEC) Noureddin Shahnazizadeh said, "Currently, over 350,000 barrels per
day of oil is being produced from the joint fields of the West Karoon and Azar."
In an interview with Oil & Gas Magazine, the official elaborated on
PEDEC's plans for developing the fields and its priorities, saying, "Our
priority is focused on the development of joint fields. The largest fields are
located in the West Karoon region, among which are Yadavaran, North and South Azadegan
and the North and South Yaran plays. Another priority field is Azar Field, which
is located in the western province of Ilam. At present, 350,000 barrels per day
are being produced from these fields and the target is to reach 380,000 barrels
by March 2018."
Shahnazizadeh touched on Azadegan oilfield, saying: The play consists of
four different reservoirs, namely Sarvak, Kazhdumi, Gadvan and Fahliyan
structures. According to studies, the plays hold 30 billion barrels of crude
oil in place. The goal is to develop this field in accordance with the newly-developed
oil contracts with international oil companies. PEDEC has invited international
oil companies to participate in the tender for development of Azadegan Field.
The winner in the tender will form a consortium with the domestic E&P companies.
Negotiations are ongoing and we are in the final stages of preparing the final
articles of potential contracts. This field will be expanded with the use of enhanced
oil recovery (EOR) technologies to maximize its output."