Economy of Resistance: Production and Job Creation
2017 29 May Fa

Development Project of Azar Oil field

Main Objectives

The project is carried out in one phase, two stages, and with 32 work packages (10 subsurface and 22 surface work packages).

Daily production of 65,000 barrels of crude oil through drilling of 19 wells (17 production wells, 1 water disposal well, and 1 appraisal well)

Early production of 30,000 barrels of oil through drilling 10 wells (7 production wells, 1 appraisal well, 1 water disposal well, and work over of 1 existing well)

Contract Type

Buyback

Geographical Location

It lies along Iran-Iraq borderline, i.e. 20 kilometers to the southeast of Mehran.

Implementation Period

Accomplishment of the first stage of the early production: March, 2017

Accomplishment of the second stage of the early production: May 21, 2017

Final production of Phase 1: March 20, 2019

10 / 3 / 2017