PEDEC and Tadbir Energy sign deal on development of Iranian oil field
Development contract on the second phase of Mansouri oil field was signed between the Oil Engineering and Development Company (PEDEC) and Tadbir Energy Company in the presence of Iranian Oil Minister Rostam Qassemi.
Under the contract, which is an engineering, procurement, construction and finance (EPCF) contract, daily oil and gas production from Mansouri oil field will rise respectively by 50,000 barrels and 22.5 mm cm.
Drilling 12 production oil wells and 2 wastewater injection wells, construction of gathering and transferring of associated gases facilities with production capacity of almost 64.5 mm cf of gas per day are among the other related activities for development of Mansouri oil field's second phase.
Construction of exploitation and desalination facilities with processing capacity of 75,000 bpd, construction of power supply facilities and completing studies on advanced recovery techniques through laboratory and research are among the other activities relating to development of the second phase of the field.
Under the contract, early production from the field will initiate next Iranian calendar year, while the project is slated to be completed three years later.
Mansouri oil field is located 100 km north of the Persian Gulf coasts and 50 km southeast of Ahwaz City, the capital city of the oil rich Khuzestan Province. Mansouri oil field has been yielding 100,000 bpd since completion of its first phase in 2007. The field is comprised of three formations named Asmari, Bangestan and Khami.