Iran Plans to Boost Oil Output 500,000 bpd by 2011

A02285552.jpgTEHRAN (FNA)- Iran oil production capacity from western fields will have an increase of 500,000 barrels per day by 2011, a senior Iranian oil company official said.

Speaking to PIN, West Oil and Gas Exploitation Company Managing Director Mohsen Norouzi added at present these fields produce 159,000 barrels of oil a day, a significant increase of 52,800 b/d compared to 1999’s capacity.

Norouzi also said desalination and exploitation units of Cheshmeh-Khosh fields in Dehloran as well as exploitation units of Serajeh-Ghom and Tangeh-Bijar fields are considered as the company’s most important outputs.

Referring to the development plan of Tangeh-Bijar gas field, he went on to say that developing the first phase, the daily production capacity of the field will climb to 7m cu. m. of gas and the second phase, the daily capacity will rise to 10m cu. m.

“A great deal of the country gas consumption rate is providing by Tangeh-Bijar gas field.”

Serajeh-Ghom field provides National Iranian Oil Refining and Distribution Company with 2,300 to 2,500 barrels of gas condensates daily, Norouzi said.

“According to recent studies, exploitation capacity from Tangeh-Bijar gas filed could be increased more than the previous forecast.”

He added controlled production, reserves conditions, and continuous staff training are among the company priorities.

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