Iran to develop 2 newly discovered oil fields: minister

May 13, 2008 - 0:0

TEHRAN – Two recently discovered oil fields, named Sefidzakhor and Dey, located in the southern Fars Province, will be developed in the current Iranian year (started March 20), said Iran’s petroleum minister here on Monday.

“In addition to gas fields, the development project of Khesht, Sarvestan and Sa’adatabad oil fields will also be carried out by the Central Iranian Oil Fields Company (CIOFC),” Gholamhossein Nozari explained.
“It is estimated that by completing development of Khesht oil field, 25,000 bpd of oil will be produced,” he added while noting that 15,000 bpd will be added to the country’s crude oil production capacity by completing development of Sarvestan and Sa’adatabad oil fields.
Nozari also said, “Fars province gas fields currently produce over 122 million cubic feet of gas daily.”
He went on to say that establishing Pars refinery with a capacity of 120,000 bpd is one of the other plans of the Petroleum ministry in Fars province.
“This refinery’s feed will be supplied by the province’s condensates,” he stated.