Page 64 - PERSIAN 9 1941_1947_Neat
P. 64

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                 1st June 1941* Mr* Lipp oarried oat ths duties of both
                 Chief Local Representative and General Manager for the
                 remainder of the year*

                      (11) Field Development
                         No work of development was undertaken by the Com­
                 pany during the year* The main First and Second Pay Pro­

                 ducing Zones are provided with sufficient points of with­
                 drawal to afford satisfactory drainage of the main reser­
                 voir within the recognised producing area* Wells drilled

                 and completed in 1939 and 1940 provided valuable data,
                 the application of which may make increased production
                 possible and justify their further development*
                     (ill) Well Repair

                         The policy of correcting in its initial stages un­
                 satisfactory mechanical condition was continued by the
                 Company*

                         Besides minor repair work carried out on a large.'
                 number of walla, major repairs on two wells were success­
                 fully accomplished*
                      (iv) Production

                         Totsl oil production during 1941 amounted to
                 6,794,157 barrels, giving on average of IB,614 barrels

                 a day* Owing to the lack of shipping facilities the
                 daily production rate was reduoed from 20,000 barrels
                 to 15,000 barrels on the 15th September, but this figure
                 wee raised to 18,000 barrels on the 28th December 1941*
                            ••
                         The average water production for the year was
                 720 barrels a day as compared with 723 barrels a day
                 In 1940* The reduced rate of oil production towards the

                 end of the year was chiefly responsible for this decline*
                       (v) Additional Area
                         Drilling of structure holes for geological informs*

                 tloa was carried out by the Company during the year*
                                                                    The/-
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