New Platform Boosts Iran's Oil Output

Reuters Dubai Newsroom
Monday, March 16, 2020

Iran's oil production capacity increased by 6,000 barrels per day after a platform was installed at the offshore Salman field in the Gulf, the official news agency IRNA reported on Saturday, citing Alireza Salmanzadeh, head of the Iranian Offshore Oil Company. 

"With the installation of the S1 platform at Salman oilfield, Iran’s oil output has increased by 6,000 bpd," he said, estimating the value of the additional output at $240,000 a day, according to IRNA. 

(Reporting by Dubai Newsroom; Editing by Kirsten Donovan)

Categories: Middle East Production Construction Installation Energy Activity

Related Stories

QatarEnergy Prolongs LNG Force Majeure, Charters Out Tankers

ADNOC Approves $6.2B Offshore Umm Shaif Gas Project

Jadestone Energy Lifts Malaysia Production with Second Online Well

Arabian Drilling Set to Resume Ops with Three Offshore Rigs

Oil Jumps 3% on Renewed US-Iran Conflict

Hormuz Traffic Falls to Five-Week Low as Tensions Escalate

ADNOC Launches Global LNG Trading Powerhouse

Oil Holds Steady After US, Iran Agree to Cease Attacks

Walking Into the Future: ADNOC Drilling Unveils First AI-Powered Island Rig

Oman Opens Alternative Hormuz Lanes as Shipping Recovery Continues

Current News

India’s ONGC to Allocate Half of New Oil Storage to Strategic Reserves

Subsea7 Lands ‘Sizeable’ Contract for Work Offshore Brunei

FPSO for Azule Energy’s Angola Offshore Field Starts Taking Shape in China

Borr Drilling's Mexican JV Expands Fleet with Five Jack-Ups

Keppel Launches $2.9B Program to Monetize Legacy Offshore Drilling Rigs

Saipem Cuts Earnings Outlook as Middle East Costs Rise

Serica Energy Agrees $194M Pharos Energy Acquisition

Oil Eases After Topping $100, Still Set for Weekly Rise

BP Moves Indonesia CCUS Project Into Offshore Installation Phase

Eni-Petronas JV Starts Indonesia-Bound FPSO Construction

Subscribe for AOG Digital E‑News

AOG Digital E-News is the subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week

https://accounts.newwavemedia.com