Nasr Oil Platform deputy director Sadeq Tavasoli was quoted by the FARS News Agency as saying, "The output of Alvand oilfield in the Persian Gulf will increase to 22,000 barrels per day from the current 11,000 by March 20, 2015."
The company plans to upgrade 11 oil rigs and integrate them with pumping facilities to help boost production output of the Alvand oilfield.
The field is expected to contain 1.7 million barrels of in-place oil reserves, Islamic Republic News Agency reports.
The Nasr oil platform, located 14km off Siri Island, extracts crude from Alvand, Dena, Sivand and Nosrat oilfields and delivers through a 33km pipeline to the island’s infrastructure.
The Alvand oil field is located 50km off the Siri Island. It is one of the six regions operated by Iranian Offshore Oil Company (IOOC) in Persian Gulf.
Iran estimates to have 1% enhancement in oil reserves recovery by 2015, when the fifth five-year economic development plan draws to close.
The country is estimated to have oil reserves of more than 560 billion barrels as well as heavy and extra-heavy varieties of crude oil of roughly 70-100 billion barrels of the total reserves.
