Tag Archives: Petroleum Engineering and Development Co. (PEDEC)

Iran’s production from the oilfields in West Karoun has risen to 350.000 barrels per day during the last two years.

Omid Investment Management Group Co. also signed the deal. under which construction should be completed within three years.

Azar holds 2.5 billion barrels of in-place oil. but new reservoir studies on the field suggest a much higher figure of 4 billion barrels.

Iranian manufacturers will provide the pipes for building the pipeline.

Production of all west Karoun oilfields which was 70.000 barrels a day reached over 300.000 barrels.

Production from all oilfields in West Karoun block is close to 300.000 barrels a day.

Shell submitted a proposal for developing Azadegan and Yadavaran oilfields south of Iran last month.

Iran has so far signed MoUs with 4 Russian companies for developing its oil and gas fields.

West Karoun is the name of an oil-rich region in Khuzestan that includes several large oilfields.

Around 83.000 barrels of Yadavaran production is a blend of light crude and the rest is heavy crude.