Iran Starts Early Production from Joint Oil Field with Iraq

core March 15, 2017 Oil Leave a comment 4 Views

Iran started early oil production from Azer field on March 14. Shana reported.
According to the report. the early output is 15.000 barrels per day (b/d) now and the figure would reach 30.000 b/d in spring.
The final production capacity of the field would be 65.000 b/d. which is projected for 2018.
Iran Oil Pension Fund Investment Co. (OPIC) and Oil Industries` Engineering &amp. Construction Group OIEC are developing the project.
Azer is a joint field betüeen Iran Iraq. with 2.5 billion barrels of in-situ reserves and 16 percent recovery rate.
 

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