Oil Output to Reach 100,000 bpd by Operation of Sepehr–Jufair Oilfield 2nd Phase: NIOC

The chief executive of the National Iranian Oil Company (NIOC) said the volume of crude oil production from the Sepehr-Jufair oilfield will hit 100,000 barrels per day (bpd) with the coming into operation of the second phase of the field.

News ID: ۸۲۸۶۲۴

04 March 2024

EghtesadOnline: Mohsen Khojastehmehr put the current crude oil production volume at the Sepehr-Jufair Oilfield at about 40,000 bpd.

The deputy oil minister added that once the second phase is put into operation, the crude oil production volume from the field will reach 100,000 barrels bpd.

Turning to the gas pressure boosting at the South Pars Gas Field, Khojastehmehr noted that retention of the gas production capacity is the main task of the company and for this purpose, the National Iranian Oil Company has considered boosting gas pressure, drilling infill wells and acidification in the field.

He further pointed out that the contracts for drilling 35 developmental wells, valued at €1.2 billion, in the South Pars Gas Field will be concluded soon, IRNA reported.

The Sepehr and Jufair oilfield is located 60 kilometers southwest of Ahvaz, the capital of the southwestern province of Khuzestan. / Tasnim