TEHRAN – The Iranian Offshore Oil Company (IOOC) increased its offshore oil and gas condensate production by 21 percent in the last Iranian calendar year, 1402 (ended March 19), an official of the ‘business.
According to Amir Salari, IOOC’s production manager, the company achieved this additional production volume despite the restrictions it faces.
Increasing the number of drilling rigs, drilling new wells and repairing others, launching a marine power transmission cable to the Soroush oil field and repairing marine power transfer pipelines oil were part of the company’s efforts to increase production, Salari said.
“By drilling new wells, launching new platforms and setting up several marine facilities this year, IOOC will have a more accurate assessment of its development projects this year,” the official added.
He further noted that during the last Iranian calendar year, oil production in the operational regions of Qeshm and Kish increased by 60 percent above the planned target.
According to him, oil production from offshore fields faces certain complexities while logistical and weather conditions, limitations faced by offshore contractors, cruel sanctions and other factors have made it difficult to compensate for the natural decline in the rate of production.
The COIO official further noted that by deploying new drilling rigs and repairing operations, we are trying to improve the situation, which takes time.
FE/
