Iran to raise production from Azar oilfield

Although production of oil from the Azar Oilfield, located in Iran’s western region of Mehran along the border of Iraq, has been late, it has recently started pumping 15,000 barrels per day of crude oil. 
According to the most recent estimation, the oilfield holds 4 billion barrels of oil. The Azar oilfield development project is now targeting to increase the production to 65,000 barrels per day by late-March 2018. 
Also, it is expected that once the oilfield’s second phase development is completed, its production can even reach up to 100,000 barrels per day. 
Compared to other oilfields, drilling in the almost 36.5km long Azar Oilfield is tougher owing to its complicated geological structure and sequence of low and high pressure layers. However, keeping in view the late-March 2018 target, work has been speeded up to complete the second phase of the project before 2018. 
The Azar development project comprises drilling 19 wells within 55 months. 
As crude oil from the field will be transferred to Dehloran refining facility in Ilam Province, there will be construction of surface facilities, separation units and transferring pipelines.
The contract of Azar Oil Field was signed in 2013, between the National Iranian Oil Company (NIOC) and a domestic consortium including the Oil Industry Pension Fund Investment Company (OPIC), a subsidiary of Iran’s Oil Ministry, Oil Industries Engineering and Construction (OIEC) and Sarvak Azar Engineering and Development Company.
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