By John Lee.
Iran plans to produce 320,000 barrel per day of crude oil from the first phase of South Azadegan oil field in next two years.
The producer of the South Azadegan oil field development plan told a press conference that crude oil production will start in late August at 30,000 bpd, gradually increasing to 60,000 bpd.
Mahmoud Mar’ashi said 19 drilling rigs have been in operation since ousting the Chinese contractor from the project in 2014, with more than 270,000 meters of drilling completed.
Based on the plan, 185 wells will be drilled, of which 38 are already completed.
Production is planned to reach 320,000 bpd in the first phase, reaching 600,000 bpd in a second phase.