Central Oil Fields Company Increases Gas Production

Date: 06 January 2025 - 22:12

News ID: ۱۳۵۵۵۱

TEHRAN – The CEO of the Iranian Central Oil Fields Company (ICOFC) Peyman Imani on Monday announced that the company has increased daily gas production from onshore fields by 10 million cubic meters (mcm) as crude oil production increased by 13,000 barrels over the past four months.
Peyman Imani, speaking during a media tour of the Varavi Gas Pressure Boosting Station in southern province of Fars, highlighted the company’s efforts in gas production.
He noted the commissioning of the Varavi station, which has a normal operational capacity of 7 million cubic meters per day which can be increased to 9 million cubic meters.
Other achievements include the completion and installation of wellhead facilities at six gas well locations in the Dalgan, Aghar, Tang Bijar, Dey, and Khanjiran fields, the construction of access roads to the Khartang gas field wells, and the repair and preparation of the Sarajeh Qom storage well No. 2.
Additionally, numerous technical and operational measures have been implemented to maintain winter production levels, and an integrated reservoir management project for the Tang Bijar field and its satellite wells has been launched in collaboration with Shahid Chamran University to boost gas production.
Imani also emphasized the company’s progress in crude oil production, including the commissioning of the Khash Oil Field with a daily output of 10,000 barrels, the activation of three wells in the Dehloran Oil Field producing 3,000 barrels per day, and the startup of four wells in the Khash Oil Field.
A crude oil pipeline from the Khash field to consumption hubs has also been established.
The CEO stated that the company operates in 14 provinces and is responsible for oil and gas production from 87 oil fields, comprising 107 reservoirs. In addition to production operations, the company has prioritized the development of hydrocarbon fields, exemplified by the Varavi Gas Pressure Boosting Station project.
Imani mentioned that the development of 16 gas fields, including Halgan, Eram, Pazan, Gordan, Aghar, and Tang Bijar, is underway with the involvement of private contractors and investors.
He also noted a 10,000-barrel increase in crude oil production this year from fields such as Dehloran and Khash. Contracts for the development of the Saman, Sumar, and Dalavaran oil fields under the new oil contracts (IPC) will soon be signed with an Iranian company, adding 9,000 barrels to the country’s oil production.
Regarding the Tus Gas Field in the northeastern part of the gas network, Imani reported that four wells have been drilled, and a contractor for a 4-kilometer pipeline has been selected.
Imani emphasized that with the commissioning of the Varavi Pressure Boosting Station, gas production from the field will be consistently supplied to the Parsian Refinery for 25 years.
Daily production has increased from 3 million cubic meters to 7 million cubic meters, a 50% rise. To date, 42 million cubic meters, or 90%, of the field’s 47 million cubic meters of recoverable gas have been extracted.
He also highlighted the use of variable-speed compressors at the Varavi station, resulting in annual electricity savings of 5 megawatts.
The CEO stressed the employment of local workers at the Varavi station, with 70% of the workforce being from the region.
He noted that the station’s equipment, built with an €80 million investment, is 80% domestically produced.
Imani confirmed that the company has exceeded its gas production targets by over 103% this year and last year.
He assured that natural production declines from reservoirs would not reduce the company’s output. Gas production from the Dey and Tus fields is expected to increase by at least 8 million cubic meters next year, helping to address gas shortages.
However, he cautioned that without consumption control, increased production alone cannot resolve energy imbalances.
The company has already produced over 1 billion cubic meters more gas than its target in the months of Mehr and Aban this year, with daily production reaching 244 million cubic meters yesterday, surpassing the winter production target of 242 million cubic meters.