Page 10 - MEOG Week 36

MEOG PROJECTS & COMPANIES MEOG

PEDEC increases output

capacity at South Yaran

IRAN IRAN’S Petroleum Engineering and Develop- anticipated from the Sarvak layer.
ment Co. (PEDEC) announced this week that Combined reserves at North and South Yaran
it had increased oil production capacity at the are estimated to be at least 2bn barrels of oil. Out-
South Yaran oilfield by 5,000 barrels per day put from North Yaran is estimated at 30,000 bpd.
(bpd) following the installation of a new mobile The North and South sites comprise the Ira-
oil separator (MOS). nian part of a wider formation that includes the
The company’s head of the South Yaran Azadegan field, which is shared with Iraq and
development project, Homayoun Kazemeini, tapped from both sides. In Iraq, it is known as
emphasised the importance of the MOS being Majnoon, Arabic for ‘insane’, a reference to the
locally built, noting that it was the first time a deposit’s conservatively estimated 38bn barrels
domestically produced MOS had been installed of oil in place (OIP).
in the West Karoun oil region. The Iranian fields form part of the West
He was quoted by state energy media outlet Karoun oilfield cluster, which is also home to the
Shana as saying: “This is very important in terms Yadavaran oilfield.
of taking full advantage of Iranian capabilities.” POGIDC’s contract covers the drilling of six
He added: “With the installation and com- new wells – three at North Yaran and three at
missioning of this device, with an average cost South Yaran, as well as one for appraisal and one
of $¢16.5 per barrel, up to 5,000 barrels has been for water injection.
added to the oil production capacity of South The company will also carry out workover
Yaran,” he said. The asset is now capable of pro- operations at five wells, provide electric sub-
ducing 25,000 bpd. mersible pumps (ESPs) for 27 production wells
Kazemeini noted that 12 wells are currently in the Sarvak Layer, construct and upgrade
in operation at the field, with PEDEC planning ground facilities, conduct laboratory studies
to drill a further six. and provide an enhanced oil recovery (EOR)
The news follows the award in July by the solution.
National Iranian Oil Co. (NIOC) of a drilling
contract to Persia Oil and Gas Industry Develop- Azadegan drilling
ment Co. (POGIDC) for the wider Yaran oilfield. Meanwhile, the National Iranian Drilling Co.’s
The 10-year contract is estimated to be worth (NIDC) director of drilling at South Azadegan
$463mn, split nearly 50:50 between capital said that a project to drill 23 wells at the field was
expenditures and operating costs to add around nearly complete.
11,000 bpd to production from Yaran. POGIDC Quoting the Ministry of Petroleum (MOP),
is liable for all project-related expenses. Mohammad Khavarinejad said that 21 of the
The original plan for South Yaran involved wells had so far been completed, using nine rigs
drilling 30 wells that would allow for up to 60,000 to drill the wells simultaneously.
bpd of oil to be produced. He said: “With the progress of the South Aza-
However, PEDEC’s Kazemeini cited drilling degan field drilling project, the number of rigs
data pointing to the possibility that the Fahlyan has been reduced to four and now, as the project
layer of South Yaran had no production capacity. draws to a close, only 28 Fatah drilling rigs are
The target was therefore reduced to 25,000 bpd, located in the region.”
with 21,000 bpd expected from the Sarvak layer NIDC has so far drilled 64 wells at South Aza-
and 4,000 bpd from the Gadvan layer. This tar- degan and continues to collaborate with PEDEC,
get was later raised to 30,000 bpd, as more oil is which is the field’s operator.™

P10 www. NEWSBASE .com Week 36 09•September•2020