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November 24, 2021

Darquain Conventional Oil Field, Iran

By Carmen

Darquain is a producing conventional oil field located onshore Iran and is operated by Arvandan Oil & Gas. The field is located in block West Karoun.

An expansion project is associated with the Darquain, namely Darquain-3 Development. This project is currently in the commissioning stage, expected to start in 2022.

Field participation details

The field is owned by National Iranian Oil.


Production from Darquain

The Darquain conventional oil field recovered 35.79% of its total recoverable reserves, with peak production expected in 2026. The peak production will approximately 219.18 thousand bpd of crude oil and condensate. Based on economic assumptions, production will continue until the field reaches its economic limit in 2062. The field currently accounts for approximately 1% of the country’s daily output.


Remaining recoverable reserves

The field is expected to recover 1,283.87 Mmboe, comprised of 1,283.87 Mmbbl of crude oil & condensate. Darquain conventional oil field reserves accounts 0.26% of total remaining reserves of producing conventional oil fields globally.


Contractors involved in the Darquain conventional oil field

The key contractors involved in the Darquain project as follows.

Main EPC: Iran Itok

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Methodology

Information on the field is sourced from GlobalData’s fields database that provides detailed information on all producing, announced and planned oil and gas fields globally. Not all companies mentioned in the article may be currently existing due to their merger or acquisition or business closure.

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