TEHRAN - The Yadavaran shared oil field’s development plan was launched on Wednesday to boost the field’s output by 42,000 barrels per day.

According to a Shana report, implementation of the plan started on June 11 in the presence of the head of the National Iranian Oil Company’s (NIOC) Mohsen Khojasteh Mehr, and a number of other Oil Ministry managers via videoconference.

The project consists of drilling a total of 24 wells including 12 developmental wells in each of Fahlan and Sarvak layers with a $350 million investment.

Back in May, when Iran Oil Show 2024 was underway in Tehran, the Petroleum Engineering and Development Company (PEDEC), on behalf of NIOC, signed separate contracts with the National Drilling Oil Company (NIDC), the Qeshm Oil and Energy Industry Development Company (OEID) and Khatam al-Anbiya Construction Headquarter (KAA) for drilling 24 oil wells in Yadavaran oil field.     

PEDEC has already built access roads and provided cellars (places required for drilling wells) and other items for the installation of drilling rigs to speed up operations.

Yadavaran is one of the largest oil fields Iran shares with its neighboring countries. The oil filed is located 70 kilometers southwest Ahwaz, the capital of southwest province of Khuzestan near the common border with Iraq.

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