INSUBCONTINENT EXCLUSIVE:
a senior official with the National Iranian Oil Company (NIOC) said.Mehdi Fakour, the Director of Exploration at NIOC, said the drilling
valued at about 233 billion rials (over $832,000) has been awarded to a local firm and it is expected to be completed by the eighth Iranian
calendar month of Aban (starts on October 23).He stated that since Changuleh field is located on the border with Iraq and was a battle zone
during the war with the country, it was necessary to first clean up the area from ammunitions left from that period.After clean-up, the
project has been carried out in three stages; the first stage was the construction of an access road to the well, the second stage was the
with Iraq's Badra oil field
The field was primarily considered to be independent, but analysis of 3D seismic data proved its shared status.Based on NIOC data, Changuleh
is estimated to need $2.2 billion in investment to be fully developed.So far, 3D seismic tests, determining the location of wells, and
infrastructure activities like cleanup and construction of access roads have been carried out in this field.According to studies, 19 wells
need to be drilled in this field
The field is to be developed in two phases
Phase 1, which involves early production, will lead to the output of 15,000 barrels per day (bpd), while Phase 2 will bring the output to
