Project Profile
Value: US$500 million
Location: Persian Gulf
Reserves: 15 billion barrels OIIP
Recoverable Reserves: 585 million barrels and 560 million barrels
Production: 35,000 bpd (2015)
The project will involve enhancing recovery rates and raise production at the Soroush heavy crude field by 50% to 130,000 barrels per day.
Soroush was completed in 2004 by Shell as part of a joint development with the Nowruz field for a combined output target of 190,000 bpd.
Operator:
Iranian Offshore Oil Co (IOOC): Operator with 100% interest