Egypt partners with Google to promote 'unmatched diversity' tourism campaign    Golf Festival in Cairo to mark Arab Golf Federation's 50th anniversary    Taiwan GDP surges on tech demand    World Bank: Global commodity prices to fall 17% by '26    Germany among EU's priciest labour markets – official data    UNFPA Egypt, Bayer sign agreement to promote reproductive health    Egypt to boost marine protection with new tech partnership    France's harmonised inflation eases slightly in April    Eygpt's El-Sherbiny directs new cities to brace for adverse weather    CBE governor meets Beijing delegation to discuss economic, financial cooperation    Egypt's investment authority GAFI hosts forum with China to link business, innovation leaders    Cabinet approves establishment of national medical tourism council to boost healthcare sector    Egypt's Gypto Pharma, US Dawa Pharmaceuticals sign strategic alliance    Egypt's Foreign Minister calls new Somali counterpart, reaffirms support    "5,000 Years of Civilizational Dialogue" theme for Korea-Egypt 30th anniversary event    Egypt's Al-Sisi, Angola's Lourenço discuss ties, African security in Cairo talks    Egypt's Al-Mashat urges lower borrowing costs, more debt swaps at UN forum    Two new recycling projects launched in Egypt with EGP 1.7bn investment    Egypt's ambassador to Palestine congratulates Al-Sheikh on new senior state role    Egypt pleads before ICJ over Israel's obligations in occupied Palestine    Sudan conflict, bilateral ties dominate talks between Al-Sisi, Al-Burhan in Cairo    Cairo's Madinaty and Katameya Dunes Golf Courses set to host 2025 Pan Arab Golf Championship from May 7-10    Egypt's Ministry of Health launches trachoma elimination campaign in 7 governorates    EHA explores strategic partnership with Türkiye's Modest Group    Between Women Filmmakers' Caravan opens 5th round of Film Consultancy Programme for Arab filmmakers    Fourth Cairo Photo Week set for May, expanding across 14 Downtown locations    Egypt's PM follows up on Julius Nyerere dam project in Tanzania    Ancient military commander's tomb unearthed in Ismailia    Egypt's FM inspects Julius Nyerere Dam project in Tanzania    Egypt's FM praises ties with Tanzania    Egypt to host global celebration for Grand Egyptian Museum opening on July 3    Ancient Egyptian royal tomb unearthed in Sohag    Egypt hosts World Aquatics Open Water Swimming World Cup in Somabay for 3rd consecutive year    Egyptian Minister praises Nile Basin consultations, voices GERD concerns    Paris Olympic gold '24 medals hit record value    A minute of silence for Egyptian sports    Russia says it's in sync with US, China, Pakistan on Taliban    It's a bit frustrating to draw at home: Real Madrid keeper after Villarreal game    Shoukry reviews with Guterres Egypt's efforts to achieve SDGs, promote human rights    Sudan says countries must cooperate on vaccines    Johnson & Johnson: Second shot boosts antibodies and protection against COVID-19    Egypt to tax bloggers, YouTubers    Egypt's FM asserts importance of stability in Libya, holding elections as scheduled    We mustn't lose touch: Muller after Bayern win in Bundesliga    Egypt records 36 new deaths from Covid-19, highest since mid June    Egypt sells $3 bln US-dollar dominated eurobonds    Gamal Hanafy's ceramic exhibition at Gezira Arts Centre is a must go    Italian Institute Director Davide Scalmani presents activities of the Cairo Institute for ITALIANA.IT platform    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



Iran To Increase Forouzan Oilfield Output By 10%
Amwal Al Ghad Published in Amwal Al Ghad on 05 - 05 - 2012

National Iranian Offshore Oil Company (NIOOC) plans to increase production at the Forouzan Oilfield by 10 percent within the next eight months.
Managing director of the NIOOC Mahmoud Zirakchianzadeh told ISNA on Friday that some 100 kilometers of seabed pipeline have been laid, and related jackets will be installed by the end of the second quarter of the current Iranian calendar year (started March 20).
He added that the output at the joint oilfield with Saudi Arabia will increase by 10 percent once gas injection is employed as a secondary production method.
The Iranian oil official noted that the development project of the Forouzan Oilfield will become fully operational by the end of the first quarter of 2014.
A report published by Mehr News Agency on April 29 said the first jacket related to the development of the Forouzan Oilfield has been sent to the Persian Gulf.
The huge structure, made by a special jacket manufacturing yard in Iran's southwestern port city of Khorramshahr, weighs about 4,000 tons and is carried by a special vessel. If climatic conditions are good, it will be installed by late May, the report added.
The main goal of the Forouzan Oilfield development project is to extract more than 300 million barrels of crude oil in the next 25 years.
The field will also yield about 250 million cubic feet per day of natural gas which will be transferred to the Kharg Island via an undersea pipeline.
The Forouzan Oilfield, in the Persian Gulf, is shared with Saudi Arabia. The field experienced its peak production in late 1978 when it produced 180,000 barrels per day of crude oil.
The development of the Forouzan Oilfield is a priority project for Iran's Oil Ministry and the field is expected to yield 5,000-10,000 barrels per day of crude oil by the middle of the next Iranian calendar year (starting March 20, 2013).
The Forouzan Oilfield is located 100 kilometers (62 miles) southwest of the Kharg Island. It was discovered in 1966 with estimated in-place reserves of 2.309 billion barrels of crude. The field is known as Marjan in Saudi Arabia.

Clic here to read the story from its source.