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