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

Iraq, Pakistan Secure Oil Shipments via Hormuz with Iran Agreements

ADNOC Drilling Finalizes MB Petroleum JV, Expands Regional Fleet

UAE Exit Weakens OPEC, Raises Risk of Price War

US-Israel War on Iran Creates Biggest Energy Crisis in History

IEA Cuts Oil Demand, Supply Outlook Amid Iran War

Philippines Seeks US Extension to Buy Russian Oil

Borr Drilling Expects Higher Activity as Rigs Return to Work

Middle East Producers Gear Up for Hormuz Export Restart

Oil Rises as Fragile Middle East Ceasefire Sustains Supply Risks

Rising Costs of War: Gulf Energy Infrastructure Stares Down $25B Repair Bill

Current News

PV Drilling Secures Jack-Up Rig Deal from Zarubezhneft off Vietnam

Longitude to Integrate SynergenOG Following ABL Group Acquisition

Petronas Signs 20-year Charter Deal with MISC for Five LNG Carrier Newbuilds

Global Oil Supply to Fall Short of Demand as Iran War Goes On, IEA Says

Iraq, Pakistan Secure Oil Shipments via Hormuz with Iran Agreements

Norway O&G Revenue Forecast Jumps 30% for '26

QatarEnergy, TotalEnergies and ConocoPhillips Team Up on Syria Offshore Block

FOS Picks Incat Crowther to Design Fast CTV Fleet for Shell’s Brunei Ops

Dolphin Drilling Boosts Backlog with Harbour Energy Deal, Oil India Extension

Oil Prices Edge Higher Amid Uncertainty Over Iran Deal

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