Oil minister inaugurates seven energy projects in SW province of Khuzestan
Iranian Oil Minister Javad Owji inaugurated seven projects in the fields of oil and gas in the southwestern province of Khuzestan on Tuesday.
By launching the projects, a total of 150,000 barrels of oil as well as 28 million cubic meters of gas were added to the production capacity of the country on a daily basis, IRNA reported.
Among the seven projects was the plant to increase crude output in Cheshmeh Khosh field, which was aimed at boosting the oil field’s cumulative production to around 167 million barrels.
The field, along with Dalpari and East Paydar fields, is among the fields operated by the West Oil and Gas Production Company (WOGPC) – an affiliate of the National Iranian Oil Company (NIOC) – and was put into operation in 2011, Shana reported.
Following the introduction of NIOC’s new generation of contracts, titled Iran Petroleum Contract (IPC), a 10-year contract aimed at improving recovery, increasing output, and boosting cumulative production in Cheshmeh Khosh, Dalpari, and East Paydar fields was awarded to Iran’s Iran Ofogh Industrial Development Company (IOID) and Kayson, as well as Russian company ZN Vostok (ZNV).
The strategic project was delivered to the Petroleum Engineering and Development Company (PEDEC), the main arm of NIOC dealing with the development of offshore oil fields.
The project was signed in February 2019, and started after going through legal procedures and obtaining the necessary permits from the Supreme Economic Council in 2019.