Page 11 - MEOG Week 12 2021

MEOG PROJECTS & COMPANIES MEOG

NISOC ramps up southern Iranian production

IRAN THE National Iranian South Oil Co. (NISOC) production increase, is ready, with three of the
reported this week that it had increased oil pro- first six contracts completer. Meanwhile, two
duction by 30% during the previous six months. wells will soon increase production capacity at
Speaking to the official Islamic Republic News the Lali oilfield.
Agency (IRNA), NISOC’s managing director He said: “By implementing production
Ahmad Mohammadi said that expects output to increase and maintenance plans, a total of
grow by a further 10% during the current Iranian 300,000 barrels of oil will be added to the produc-
calendar year, which started this week. tion of south oilfields, and production decline by
He said that the company intends to increase the same amount will be prevented in these 28
output to 300,000 barrels per day (bpd) across reservoirs.” Around 70% of the project is focused
the 28 fields its operates and to maintain that on the southwestern Khuzestan Province with
level of production capacity. the remainder covering neighbouring provinces.
Mohammadi noted that contracts for six In early March, the company kicked off engi-
packages had been awarded for the first phase of neering, procurement and construction (EPC),
this plan, pegging subsurface progress at these and engineering, procurement and drilling
projects at 50%. Surface work was estimated at (EPD) work for the development of the onshore
around 20%. Siahmakan oilfield under a project that should
Meanwhile, contracts have also been signed expand production by around 10,000 bpd.
for a further 19 packages with only tenders NISOC awarded a contract to expand pro-
remaining, for the Gachsaran and Qala-e-Nar duction at Siahmakan to Pasargad Energy
fields, though these are nearing conclusion. Development Co. in May 2020, covering field
Mohammadi added that work on the development through an integrated EPD/EPC
Nargesi expansion project, covering a 5,000-bpd package.™

Week 12 24•March•2021 www. NEWSBASE .com P11