IOOC oil, gas condensate output rises 21%

Iranian Offshore Oil Company (IOOC) has increased offshore oil and gas condensate production by 21 percent over the last Iranian calendar year, 1402 (ended on March 19), an official with the company announced.
According to IOOC Production Manager Amir Salari, the company achieved this additional volume of production despite the restrictions the company faces.
Rising the number of drilling rigs, drilling new wells and repairing some others, launching a marine power transmission cable at Soroush oil field, and repairing marine oil transfer pipelines were among the efforts the company made to boost production, Salari explained.

“By drilling new wells, launching new platforms, and setting up several marine installations this year, IOOC will have a more accurate assessment of its developmental projects this year”, the official added.
He further noted that over the last Iranian calendar year oil production from operational regions of Qeshm and Kish rose by 60 percent above the planned target.

According to him, oil production from offshore fields faces some complexities while logistical and weather conditions, the limitations offshore contractors are facing, cruel sanctions, and other things have made making up for the natural decline of production rate difficult.
The IOOC official further noted that by deploying new drilling rigs and repairing operations we are trying to improve the situation which takes time.