| Project Detail |
Azar structure is an asymmetric anticline located in the Anaran exploration block in the foreland basin of the Zagros fold and thrust belt along the Iran-Iraq border. Total length of the field (on top of Ilam Fm.) is more than 36.5 km including the extension in Iraq, approximately 13.5 km on the Iranian side. The development plan is designed to produce 65,000 BOPD of which 30,000 BOPD will be reached in the first stage (early production). The development plan totally consists of drilling 19 wells during 55 months as well as designing and constructing required surface facilities, separation units and transferring pipelines. Sarvak Azar Engineering and Development Company (SAED) was established to execute this project and is owned partially by OIEC. Moreover, due to the buy-back nature of the contract, developing Azar oil field could undoubtedly be considered as a turning point in our professional evolution, as OIEC is experiencing a role beyond just being an EPC contractor moving towards to E&P activities. |
