NIOC announced on July 25, 2016, that Iran will be producing 320000 barrels of crude oil from the first phase of South Azadegan oil field develop plan in next 2 years.
Speaking in a press conference, the Executer of South Azadegan oil field development plan Mahmoud Mar'ashi told reporters that crude oil production will be started in late August 2016 from 30'000 barrels and this capacity increases gradually to 60'000 barrels per day. He pointed to the 19 drilling rigs placed in South Azadegan oil field and stated since ousting the Chinese contractor from the whole project in 2014, more than 270'000 meters have been drilled.
Mar'ashi mentioned that based on the plan, there have to be drilled 185 wells in the field from which 38 wells are ready and in general 132 wells are being planned for, as far as the drilling contractors are concerned.
Explaining that the drilling expenses for every single well has been almost 13 million dollars before Joint Comprehensive Plan of Action (JCPA) being signed among Iran, United Nations and 5 + 1 group, but now drilling has become more cost effective that it takes 7.5 million dollars per well.
The purpose of the development of South Azadegan oil field is the daily production of 320 thousand barrels of crude oil (early production included) in the first phase and increase the daily production of 280 thousand barrels of crude oil (a total amount of 600 thousand barrels per day) in a second phase.
