Norway's Saga proposes plan for development of oilfield on Iran/Iraq border

Nov 19, 1999 01:00 AM

Norway's Saga/Hydro has presented a plan for development and operation of an oilfield on the border between Iran and Iraq. The Dehluran oilfield, which was damaged during the Iran-Iraq war, is situated in the Anaran province in north-west Iran. The field currently yields between 5000 and 6000 bpd, but the new Saga plan aims at an average of 20,000 bpd.
"We have reason to believe that all will be set within a few months", Saga project manager Arild Remen confirmed. The area is littered with land mines, however, according to Remen, "Iranian authorities have assured us that they will take charge of the mine-removal. This responsibility will be reflected in the contract".

The field reserves are estimated at between 300 and 600 mm barrels. 72 mm barrels have been extracted so far. Saga has also been bidding for another Iranian oilfield, Chesmeh Khush, however, it seems likely that this will go to Spanish oil company, Cepsa.

Source: IINX via Iinoil
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