Development Project of South Azadegan Oil Field

Main Objectives

Phase 1: daily production of 320,000 barrels of crude oil

Phase 2: increasing the daily production of crude oil to 280,000 barrels

Total daily production of 600,000 barrels of crude oil

Contract Type

Buyback (SPV) to finance the project

Geographical Location

80 kilometers to the west of Ahwaz, along Iran-Iraq borderline

Implementation Period

57 months, beginning from June 22, 2014