Development Project of North Yaran Oil Field

Main Objectives

Early production Phase: production of 2,000 barrels of crude oil per day within 9 months starting from February 2013

Final production phase: daily production of 30,000 barrels of crude oil per day within 52 months from the effective date of the HOA

Contract Type

Buyback

Geographical Location

Yaran Oil Field is in South Azadegan Oil Field; 130 kilometers to the southwest of Ahwaz (west of Karoon River). It is a sharing field in Iran-Iraq borderline, i.e. in Hurolazim area.

Implementation Period

Started in October, 2016 with the presence of the president