TEHRAN (PIN) -- The development plan of Salman oil and gas field has so far had a 93 percent physical progress and will be fully put into practice by Jan. 2008.

Salman field has produced over 185.73 million barrels of oil from the beginning to the previous month, i.e. more than 84 thousand barrels per day (bpd) on average.
The main aim behind the development plan is to increase Salman’s crude oil output by 50 thousand barrels daily through drilling 16 oil wells and 17 wells for water injection, renovating and repairing installations, and installing new pipes for transfer of wellhead oil.
The other aim is to produce 500 million cubic feet of gas and about 6 thousand barrels of gas condensates per day from Dalan reserve through drilling 9 wells and laying new pipes for transmission of wellhead gas.
While Iran has not yet begun extracting gas from Salman gas field, the United Arab Emirates (UAE) is producing 540 million cubic feet per day (CFD) from the gas field.
Salman gas field is shared by Iran and the UAE. Some 70 percent of the offshore gas field is located in Iranian waters and the remaining 30 percent in the Persian Gulf littoral Arab state.
Iran’s share of gas reserves in Salman is being flared at the rate of 94 million CFD. As per estimates, the Islamic Republic is losing one million dollars annually due to the failure to produce gas from the field, Fars new agency reported.
Total Abu Albukhoosh (TABK), the company in charge of the UAE gas development projects in Salman gas field, is planning to increase its production to 720 million CFD from the current 540 million CFD within the next two years.
Salman gas field is situated near Sirri Island in the Persian Gulf. Based on plans, 100 to 500 million CFD of gas will be transferred from Salman gas field to Sirri and from there to the United Arab Emirates, once the gas field becomes operational.
Iran Offshore Industries Company (SADRA) is the main offshore installations contractor in the Salman project