South Azadegan is a producing heavy oil field located onshore Iran and is operated by Arvandan Oil & Gas. According to GlobalData, who tracks more than 34,000 active and developing oil and gas fields worldwide, the field is located in block West Karoun and South Azadegan. Buy the profile here.
Two expansion projects are associated with the South Azadegan heavy oil field, namely the South Azadegan Development Phase 1 and the South Azadegan Development Phase 2. The expansion projects are currently in the commissioning and feasibility stage.
Field participation details
The field is owned by National Iranian Oil.
Production from South Azadegan
The South Azadegan heavy oil field recovered 15.98% of its total recoverable reserves, with peak production expected in 2031. The peak production will approximately 320.00 thousand bpd of crude oil and condensate. Based on economic assumptions, production will continue until the field reaches its economic limit in 2089. The field currently accounts for approximately 2% of the country’s daily output.
Remaining recoverable reserves
The field is expected to recover 2,582.96 Mmboe, comprised of 2,582.96 Mmbbl of crude oil & condensate. South Azadegan heavy oil field reserves accounts 6.01% of total remaining reserves of producing heavy oil fields globally.
Contractors involved in the South Azadegan heavy oil field
Some of the key contractors involved in the South Azadegan project as follows.
EPC Contractors: National Iranian Oil
Other Contractors: National Iranian Oil, Frames Energy Systems, Seisco and MAPSA
For more details on the South Azadegan Heavy Oil Field, buy the profile here.
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GlobalData, the leading provider of industry intelligence, provided the underlying research used to produce this article.
This information is drawn from GlobalData’s Oil & Gas Intelligence Center, which provides detailed profiles of 34,000+ oil and gas fields, 400,000+ exploration blocks, 1,100+ LNG terminals, 3,400+ gas processing plants, 5,000+ storage terminals, and 8,000+ pipelines, 1,400+ refineries and 13,000+ petrochemical plants worldwide.
