2021 21 June Fa

Acceptable Score for Azar Joint Oil Field Development Plan

Tehran(PEDEC)- Referring the termination of Azar first phase development, the CEO of PEDEC (Petroleum Engineering & Development Company) said: “despite the difficulties and complexity of the reservoirs in this oil field, the optimal strategies have prevailed over all these difficulties in development process of this joint oil field and Azar buyback contractor should be granted accepted score.

Touraj Dehghani today (Sunday, February 26) on the sidelines of visiting the 25th Oil, Gas, Refining and Petrochemical Exhibition, added: Azar oil field due to the complexity and special conditions of the reservoir, including high pressure, high grade fluid corrosion, the type of reservoir rock and therefore the need for special equipment, is in the category of hard fields; However, a review of the field development process shows that despite all these difficulties and complexities, the development process has been implemented desirably in technical, operational and safety aspect.

Dehghani continued: “The experiences gained from the development of this field are a valuable resource for the oil industry and according to the system governing the process of development and implementation of various parts of the project based on the plan, especially in recent years, the buyback contractor can be granted an acceptable score and relying on these experiences this organization can play a real role of exploration and production (E&P) company, in the future not so far.

According to this report, Azar field development contract was signed in September 2011 between Petroleum Engineering and Development Company (PEDEC) and a consortium consisting of OIEC and OPIC. Azar development project reached the early production in March 2017, and recently, passing successfully the 21 out of 28 days  test, the first phase of its development with a capacity of 65,000 barrels per day has been put into operation and its full  operation will be accomplished in near future as well  .

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