Production Test Over in Sardar-e-Jangal
Production tests have been carried out successfully at a second exploration well drilled in the offshore Sardar-e-Jangal field.
This second well is 3,500 meters deep and oil production tests have been done to ensure the recovery from the field located off Caspian Sea waters.
The tests included pressure and temperature data, oil and gas recovery rate and other production parameters.
The field is being operated by Khazar Exploration and Production Company (KEPCO) which runs onshore activities in the three provinces of Golestan, Mazandaran and Guilan and offshore activities in the south of the land-locked lake.
The first well in Sardar-e-Jangal was spudded more than two years ago. The field is estimated to hold two billion barrels of oil in place, 25% of which is recoverable.
Director of exploration at KEPCO, Yousef Etemadi, recently expressed hope that new hydrocarbon reserves are likely to be discovered as the drilling of a second exploration well is under way.
He said that Iran needs extensive studies and detailed planning for recovery from deep waters because the country lacks the required technology.
5,000-Meter Well Spudded in South Pars
The deepest ever well, 5,000 meters, has been drilled in the supergiant South Pars gas field which is jointly operated by Iran and Qatar, a deputy head of National Iranian Drilling Company said.
Ali-Reza Layji said this well has been spudded for gathering geological data about formations located deeper underground.
He said that directional wells are drilled in South Pars, but 5,000 meters have been drilled vertically in order to find complementary geological studies about formations.
Layji said the drilling of wells in South Pars often deviates after 200 meters.
He said that NIDC has completed drilling four EPD wells in Phase 1 of South Pars.
These four wells include two development wells, one appraisal well and one workover well.
Iran 8-Month Petchem Output at 30mt
Iranian petrochemical companies produced more than 30 million tons of petrochemical products during the first eight months of the current calendar year which started on March 21, a top official said.
Ali-Mohammad Basaqzadeh, production control manager of National Petrochemical Company, said the company has so far reached 71% of its production capacity.
He said should National Iranian Gas Company (NIGC) supply enough feedstock, petrochemical production will exceed 42 million tons by March next year.
Basaqzadeh also said South Pars gas field is expected to see its gas production rise by 75 mcm, adding that Iran’s petrochemical stockpiles have declined in a sign of growing exports.
Iran produced 40 million tons of petrochemicals in the last calendar year (ended March 20), with $9 billion worth of its products being exported.
The country, which is a major oil exporter, plans to increase its petrochemical exports to $12 billion this year.
Iran has significantly expanded the range and volume of its petrochemical production over the past few years.
Basaqzadeh also said South Pars gas field is expected to see its gas production rise by 75 mcm, adding that Iran’s petrochemical stockpiles have declined in a sign of growing exports.
101 Oil/Gas Wells Drilled
A total of 101 oil and gas wells have been drilled and completed during the first eight months of the current calendar year which started in March, a deputy head of National Iranian Drilling Company said.
Mehran Makvandi said 252,581 meters of onshore and offshore drilling has been done by NIDC during the eight-month period.
He said 12 wells were drilled 246 days ahead of schedule, adding that completion of wells ahead of plan would free up drilling rigs and accelerate projects.
The wells drilled this year included 51 development/ appraisal wells, one exploration and 49 repair wells.
The wells were ordered by National Iranian South Oil Company (NISOC), Iran Central Oil Fields Company (ICOFC), Iranian Offshore Oil Company (IOOC) and Petroleum Engineering and Development Company (PEDEC). NISOC had ordered 72, ICOFC 9, IOOC 7 and PEDEC 2. The remaining 9 wells were drilled on a turnkey basis.
Makvandi said NIDC is using 30% of its operational capacity in joint onshore and offshore oil and gas fields including Azadegan, Yaran and South Pars.
He said that 74 offshore and onshore drilling rigs owned by NIDC are operating in oil-rich zones in ten provinces.