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.

Offshore staff

TEHRAN, IranIranian 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.

8/5/2013

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