DUBAI: Iran will start producing crude from an oil layer in its giant South Pars gas field soon, the director of the National Iranian Oil Company (NIOC) said.
“Production from the oil layers of South Pars is an important project which will help the country raise its crude oil production in the future,” Ahmad Qalebani was quoted by Iran’s oil ministry news service as saying.
“Drilling operations and completion of seven wells are over,” he told an oil conference in Tehran, without saying when production would start.
Saeed Hafezi, manager of the Petro Iran Company which is developing the oil layer, said production would start at around 15,000 barrels per day and plateau at 35,000 bpd of heavy crude.
Iran is unable to sell all the crude it can already produce due to Western sanctions imposed over its disputed nuclear program.
Iran to pump oil from South Pars gas field soon
