TEHRAN, Iran – Iranian Offshore Oil Co. (IOOC) expects to start production from the Reshadat oil field this year, according to Iranian news agency Shana.
The field, discovered in 1965, is 110 km (68 mi) southwest of Lavan Island.
IOOC Managing Director Mahmoud Zirakchianzadeh said development of Reshadat would eventually add nearly 65,000 b/d to Iran’s oil output.
The company recently signed a three-year, $132-million contract with Iran’s Enhanced Recovery Research Center for research on improved oil recovery.
One of the planned projects involves screening of 50 reservoirs in the Persian Gulf. Others concern enhanced recovery from the Binaloud, Hangam, and Farzam fields.
At the same time, IOOC awarded a $150-million contract to Mehran Co. for integrated drilling services, while Pars Oil and Gas Co. (POGC) signed six agreements with domestic contractors.
Under the first, valued at $140 million, National Iranian Drilling Co. (NIDC) will drill four wells for the Phase 1 development of the offshore South Pars gas field. These should increase output from Phase 1 by 400 MMcf/d (11.3 MMcm/d).
The second contract, won by Petro Iran Co., involves drilling of 11 offshore wells and construction of an offshore platform, flare, and 110 km of pipeline. Value is $1.23 billion.
POGC also signed an agreement with Deep Sea Technology Co. for exploration services in the Persian Gulf.