Iran begins production at South Yaran
Iran Yaran oilfield
Production started up at a rate of 10,000 bopd at the field, which is shared with Iraq and is among the 52 fields on offer as part of Iran’s post-sanctions foreign investment drive.
An official from PEDEC, which manages the development of the asset, said six wells had been brought on line for the field’s early production phase.
The field’s northern portion, North Yaran, was brought on stream in November 2016 at a rate of 20,000 bopd. The PEDEC official also said plans were under way to combine development of the North and South Yaran fields, as was done recently with the country’s North and South Azadegan fields.
The news came the same day Iraq announced it would open bidding on nine exploration blocks, many of which border Iran.
Recent Posts
ExxonMobil “optimistic and pushing forward” with Mozambique’s Rovuma LNG
ExxonMobil is "optimistic and pushing forward" with the Rovuma LNG project in Mozambique and eyes an FID by the year's… Read More
SLB OneSubsea, Subsea7 sign long-term deal with Equinor
SLB OneSubsea and Subsea7 have signed a long-term strategic collaboration agreement with Equinor and begun work on two of its… Read More
Presight AI takes 49% stake in ADNOC energy AI player
Presight has acquired a 51% shareholding in AIQ, an energy-focused AI player founded by ADNOC and G42, the companies announced… Read More
Wood wins TotalEnergies North Sea flare recovery work
UK engineering contractor Wood has been awarded a decarbonisation project by TotalEnergies to support flare gas recovery in the North… Read More
Shelf Drilling wins $54-million North Sea contract
Oslo-listed Shelf Drilling has secured a contract for the Shelf Drilling Fortress jack-up rig with an undisclosed North Sea operator… Read More