Iran’s Aghajari oil reserves to increase by 1.2 bn barrels

Jul 06, 2004 02:00 AM

After injecting South Pars gas into the Aghajari oil field, its crude output will increase by 1.2 bn barrels. The field has so far produced about 8.8 bn barrels of oil.
The Aghajari oil field produced 1 mm bpd oil in 1974, but its current output stands at 200,000 bpd. According to the gas injection project, 20 tcf (566 bn cm) gas will be injected into the field.

The project started in January 2001 and has so far progressed by more than 50 % and is projected to end during the first half of 2005.
The project includes geophysical studies, 3-D seismography, drilling 19 new wells and repairing 5 production wells and will cost 2,074 bn rials.

Source: Tehran Times
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