Development Project of Darquain Oil Field, Phases 1&2

Geographical Location

30 kilometers to the north of Khoramshahr, 100 kilometers to the southwest of Ahwaz along Ahwaz-Khoramshar road

Main Objectives

Phase 1: reaching a final output of 50,000 barrels of oil per day and injection of 70 million cubic feet of gas per day

Phase 2: reaching a final output of 110, 000 barrels of oil per day and injection of 210 million cubic feet of gas per day

Main Contractor(s)

Phases 1 and 2: ENI, NICO

Key Contractual Dates

Signing of the contract: July 2001

Production of 50,000 barrels of oil per day: August 2004

Predicted date for the production of 160,000 barrels of oil per day: September 2009

Predicted date for daily injection of 280 million cubic feet of gas: spring 2010