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Hengam joint oil field goes on stream with initial 4,000 bpd output
An official with Iran’s offshore oil company said Saturday that Hengam joint oil field in southern Iran went on stream with initial output of 4,000 barrels a day.
Managing Director of the national Iranian Offshore Oil Company (NIOOC) Mahmoud Zirakchianzade made the remarks talking to reporters on the sidelines of the 15th International Oil Show in Tehran.
Hengam oil field was jointly discovered with Oman in 1979, said the official.
He said some $300 million have been invested on the implementation of the project and it is to increase up to $450 million in the future.
Zirakchianzade added that the Hengam oil field was developed in a short time (26 months) which is an “unprecedented” record for development of an offshore oil field not only in Iran but also in the whole region.
The official noted that the early output of the oil field was some 4,000 barrels per day which is to increase up to 25,000-30,000 BPD until the end of the current Iranian calendar year (Started March 21, 2010).
Managing Director of the national Iranian Offshore Oil Company (NIOOC) Mahmoud Zirakchianzade made the remarks talking to reporters on the sidelines of the 15th International Oil Show in Tehran.
Hengam oil field was jointly discovered with Oman in 1979, said the official.
He said some $300 million have been invested on the implementation of the project and it is to increase up to $450 million in the future.
Zirakchianzade added that the Hengam oil field was developed in a short time (26 months) which is an “unprecedented” record for development of an offshore oil field not only in Iran but also in the whole region.
The official noted that the early output of the oil field was some 4,000 barrels per day which is to increase up to 25,000-30,000 BPD until the end of the current Iranian calendar year (Started March 21, 2010).