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November 25, 2021updated 27 Apr 2022 12:18pm

South Azadegan Heavy Oil Field, Iran

By Carmen

South 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 and South Azadegan.

Two expansion projects are associated with the South Azadegan heavy oil field, namely South Azadegan Development Phase 1 and 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 13.78% of its total recoverable reserves, with peak production expected in 2027. The peak production will approximately 320 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 2,680.17 Mmboe, comprised of 2,680.17 Mmbbl of crude oil & condensate. South Azadegan heavy oil field reserves accounts 6.13% 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: Frames Energy Systems, MAPSA, National Iranian Oil and Seisco

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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