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November 25, 2021updated 26 Nov 2021 5:59am

South Azadegan Heavy Oil Field, Iran

By Carmen

South Azadegan is a producing heavy oil field located onshore Iran and is operated by Petropars. 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 11.73% of its total recoverable reserves, with peak production expected in 2025. 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 2087. The field currently accounts for approximately 2% of the country’s daily output.


Remaining recoverable reserves

The field is expected to recover 2,770.44 Mmboe, comprised of 2,770.44 Mmbbl of crude oil & condensate. South Azadegan heavy oil field reserves accounts 6.07% 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

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About Petropars

Petropars Ltd (Petropars) a subsidiary of NICO Naftiran Intertrade Company is an oil and gas company that explores, exploits, and develops oil and gas projects. The company offers upstream oil and gas, crude oil, natural gas, and hydrocarbon resources. It offers services which include facilities services, engineering, procurement, construction, designing, fabrication, installation, offshore and onshore services, and others. Petropars also offers acquisition and development, exploration, operations and management, and legal affairs, financial, overseas projects, public relations, internal audit, security, ICT, financial affairs, HSEQ, planning, commercial, contracts, and construction management services. The company also provides petroleum, general, joint venture, tenders, technical knowhow, and project and safety engineering management services. Petropars is headquartered in Tehran, Iran.

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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