USD 94.0922

-0.23

EUR 100.5316

+0.25

Brent 87.21

+0.36

Natural gas 1.762

+0.02

1141

Abouzar field

The oil field is located 76 km southwest of Iranian Kharg Island in the Persian Gulf.

Abouzar field

Abouzar´s output, now at roughly 200,000 barrels per day, is transferred via a pipeline to the island for export after being processed.

To boost the field's production, Iranian Offshore Oil Company (IOOC) started production from 2 installed platforms of A20 and A21

So far, 107 oil wells have been drilled in the Abouzar field, of which 90 are in operation and the rest are idle due to age and technical problems.

Currently, more than 100 people are working on the platforms of the field and the country's largest oil producer in the Persian Gulf is from this field.

Abouzar Oilfield holds 4 billion barrels of in-place crude oil, but only 20% of the deposit are currently recoverable through 67 active wells out of the field's total 107 wells.

In June 2021, IOOC has announced the beginning of production from the country’s giant Asmari oil reservoir in the southern Abouzar field.

Based on the previous studies and evaluation of production results from the new well, plans are now underway for drilling more wells to further development of this reservoir and it is predicted that with drilling 5 to 8 new wells, production of 6,000 to 10,000 barrels of oil from this reservoir will become possible.