Project Profile
Value: US$450 million
Location: Ahvaz, Khuzestan, Iran
Start-up Year: September 2012
Peak Production: 40,000 bpd
The project involves the development Band-e Karkheh oilfield in northwest Ahvaz, Iran aimed at increasing the production capacity of the oilfield to 40,000 bpd of crude oil in two phases, each phase adding adding 20,000 bpd. Phase 1: 20,000 bpd of crude oil Phase 2: 20,000 bpd of crude oil.
The in-situ oil of this oilfield is estimated to be about 4 billion barrels. It is expected that 40,000 bpd of crude oil can be recovered from this oilfield for 20 years.
Operators:
Petroleum Engineering and Development Company (PEDEC): Operator with 100% interest