Tuesday, May 18, 2004

Iran's Darkhoein field to yield 50,000 to 160,000 barrels of oil per day

Iran's Darkhoein field to yield 50,000 to 160,000 barrels of oil per day:

"Darkhoein oil field, 45 kms north of Abadan, in southwestern Khuzestan province, will yield 50,000 to 160,000 barrels of oil per day once a two-phased project for its development is complete.
The first phase of the project is scheduled to come on stream by late June after a one-month delay.
Informed sources at National Iranian Oil Company said the contract for development of the field, signed by National Iranian Oil Company (NIOC) and Italy's Agip Company, is the first buy-back contract in Iran's history for injection of gas into oil reservoir for purpose of increasing production. "

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