Iran To Increase Offshore Crude Production By Water Injection

From Tehran Times

Iran’s offshore oil reserves in the Caspian Sea and Persian Gulf are valued at USD2.75 trillion.

Iran is to enhance oil recovery from its offshore fields by injecting 25 percent more water into them, a senior Iranian oil official says.

Water injection is a method of improved oil recovery (IOR) applied to offshore reservoirs, said Managing Director of the Iranian Offshore Oil Company (IOOC) Mahmoud Zirakchianzadeh on Friday.

“Currently, 400,000 barrels per day (bpd) of water are injected into the IOOC-administered fields aimed at increasing [oil] output. The figure will reach 500,000 to 530,000 bpd this [Iranian calendar] year [which ends March 2014],” the official stated.

Zirakchianzadeh said simultaneous water and gas injection into the Doroud oil field, located off the Persian Gulf island of Kharg in southern Iran, will enhance its recovery rate from 23 to 33 percent.

Iran’s offshore oil reserves in the Caspian Sea and Persian Gulf are valued at USD2.75 trillion.

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