Reshadat P4 offshore platform installed in Persian Gulf, boosting output capacity
Iran installed one of its largest offshore oil processing platforms in the Persian Gulf on Monday, state media reported, in a move that will add 35,000 barrels per day to the country's crude production capacity.
The 6,200-ton P4 platform at the Reshadat Oil Field was successfully placed in the waters by domestic engineers and manufacturers using a complex float-over method, according to SHANA. The installation was carried out without foreign assistance.
The project had faced delays due to sanctions but gained momentum under the current administration, which took office in August 2021, Shana reported.
Iran has been under Western sanctions for decades over its nuclear program, with the oil and energy sectors hit the hardest.
The platform will also enable the injection of 80,000 barrels per day of water to maintain reservoir pressure and accelerate development of the field, located about 90 kilometers off Lavan Island in the Persian Gulf.
The Reshadat Oil Field, operated by the Iranian Offshore Oil Company, has been in production since 1969.