View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Market Data
December 3, 2021updated 27 Apr 2022 12:35pm

North Azadegan Heavy Oil Field, Iran

By Carmen

North Azadegan is a producing heavy 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 North Azadegan, namely North Azadegan Phase 2 . This project is currently in the approval stage.

Field participation details

The field is owned by National Iranian Oil.


Production from North Azadegan

The North Azadegan heavy oil field recovered 27.93% of its total recoverable reserves, with peak production in 2020. The peak production was approximately 77.6 thousand bpd of crude oil and condensate and 40 Mmcfd of natural gas. Based on economic assumptions, production will continue until the field reaches its economic limit in 2081. The field currently accounts for approximately 1% of the country’s daily output.


Remaining recoverable reserves

The field is expected to recover 410.51 Mmboe, comprised of 351.97 Mmbbl of crude oil & condensate and 351.22 bcf of natural gas reserves. North Azadegan heavy oil field reserves accounts 0.94% of total remaining reserves of producing heavy oil fields globally.


Contractors involved in the North Azadegan heavy oil field

The key contractors involved in the North Azadegan project as follows.

Other Contractors: China Petroleum Pipeline Commissioning and Operation

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.

Related Companies

NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. The top stories of the day delivered to you every weekday. A weekly roundup of the latest news and analysis, sent every Friday. The industry's most comprehensive news and information delivered every month.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU

Thank you for subscribing to Offshore Technology