Publish Date: 25 February 2013 - 17:18

TEHRAN, Feb. 25 (MNA) –The managing director of the Iranian Offshore Oil Co. says Iran has outrun UAE and Oman in extending shared oil fields in the Persian Gulf.

In interview to Mehr News, Mahmoud Zirakchianzadeh explained the Company’s gas projects in Abu Musa Island, and provided the latest developments in shared oil fields in Persian Gulf. “Since last year, oil extraction from Persian Gulf shared fields has risen 100 per cent (except for South Pars fields),” he added.

He also said that present production rate from shared oil fields with Oman had tripled. “currently, 23,000 barrels of crude are produced from shared fields, soon to rise to 30,000 barrels per day of crude,” he added.

The Vice-chairman of Offshore Oil Co. pointed out that with development of Salman oil field the company would produce as twice as the amount UAE produced. “By the next few years, a new gas retrieval project in this shared field will be operative,” Zirakchianzadeh said.

In answer to Mehr News question about details of a new gas project in Abu Musa Island, he said that with the LNG complex in Siri operative, oil fires in the island and those in its satellite fields were extinguished. “The gas retrieved in Siri LNG Complex is transferred to Kish Power Plant and Mesh through submarine pipeline. We launched attempts to transfer part of Siri island gas to Abu Musa in the near future,” he explained.

SH/MR
MNA
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