Iran targeting production stimulus from offshore fields
Iranian Offshore Oil Co. (IOOC) plans to step up water injection to improve oil recovery from fields in the Persian Gulf.
TEHRAN, Iran – Iranian Offshore Oil Co. (IOOC) plans to step up water injection to improve oil recovery from fields in the Persian Gulf.
Managing Director Mahmoud Zirakchianzadeh said: “Currently, 400,000 b/d of water are injected into the IOOC-administered fields. This figure will reach 500,000-530,000 b/d this Iranian calendar year to March 2014.”
Simultaneous water and gas injection into the offshoreDoroud oil field, close to the island of Kharg, should enhance the recovery rate from 23-33%, he added.
IOOC bases its projections on a 25% recovery factor from 106 Bbbl of in-place oil in Iranian waters of the Persian Gulf and Caspian Sea, of which 96 Bbbl are in the Persian Gulf.