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

Mitsui Eyes New LNG Investments to Power Data Center Growth

Oil Prices Rise as Iran Talks Stall and Inventories Shrink

UAE Speeds Up Pipeline Project to Help Bypass Hormuz

Iraq, Pakistan Secure Oil Shipments via Hormuz with Iran Agreements

Gulf Marine Services Profit Plunges After Gulf Vessel Evacuations

Brent Near $114 as Middle East Conflict Continues

United Arab Emirates Exits OPEC and OPEC+

Saipem Poised for Middle East Repair Work After Iran War

Middle East Conflict Jolts Offshore Drilling Market

MidEast Energy Output Recovery to Take Two Years, IEA Says

Current News

Capricorn Energy Grants Third Extension for Potential Takeover Offer

Ichthys LNG Strike Causes Delay to Taiwan-Bound Cargo

Indonesia Targets Higher Oil and Gas Output in 2027

Inpex Faces Threat of Broad LNG Loading Ban as AU Labour Dispute Deepens

INEOS Inks LNG Supply Deal with Marubeni for Asian Markets

Cambodia Starts UN Process to Resolve Maritime Dispute with Thailand

Oil Prices Edge Lower Amid Uncertainty Over US-Iran Deal

Vantage Drilling Agrees to $258M Takeover by Eldorado Drilling

Azerbaijan’s Absheron Gas Project Advances with New Sales Agreement

BP Launches Gas Production at Azerbaijan’s Giant ACG Field

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