Reshadat Field Up for Investment
The project for the development of the Reshadat oil field is one of the most important projects for enhancing oil production in Iran. That would bring production from Reshadat to 80,000 b/d. Reshadat is one of the oldest offshore fields in Iran, located 110 kilometers southwest of Lavan.
Discovered in 1965, the field became operational in 1969 following exploration drillings and installation of three platforms. Five decades on, it needs cutting edge technology for recovery enhancement.
The API gravity of oil extracted from Reshadat field stands at 36, which is highly demanded in the market. That can make Reshadat more attractive to foreign companies.
The Reshadat field’s platforms were damaged during the imposed war. Once imposed war ended, the Iranian Offshore Oil Company (IOOC) embarked on rebuilding it.
Currently, the new P4 and Q4 processing platforms are under construction in SADRA Yard for the Reshadat field. Furthermore, the wellhead W0 and W4 drilling rigs have been installed and most new wells have been spudded there. This development project needs more than ever foreign investment and technology.
Twenty-eight new wells have been drilled in Reshadat as part of new development plans. Eight of these wells have become operational.
Early production from Reshadat would bring output from this field to more than 20,000 b/d.
After the drilling of all wells and water injection, Reshadat’s output would experience a significant jump. However, production from this field would depend on the conditions of financing and determining the fate of domestic contractor.
Reshadat was discovered by Italy’s IMINICO. It has 33 wells in the three R-3, R-4 and R-7 platforms.
Oil recovery from Platform R-4 is under way and the other two platforms are still non-operational. Once new wells become operational, R-4 will be phased out. Development of Reshadat began in late 2000s for increasing its output to 75,000 b/d. Drilling thirty wells; constructing a storage tank with capacity of 500,000 barrels of oil and laying a 185-km pipeline were envisaged.
The field is set to see a 5,000-7,000 b/d output hike in the future.
Technicians and oil service workers have managed to mobilize all necessary resources to carry out pipe laying, installation and testing of separating equipment. The volume of produced water has declined significantly after the installation of a new separator.
Full development of Reshadat oil field would bring its output from 8,000 b/d to 75,000 b/d.
The new development project for Reshadat is being done for an output of 78,000 b/d. This project is being implemented in the five phases of drilling, jacket installation, platform installation, and pipeline and storage tank construction in Lavan Island.
As far as Reshadat’s development is concerned, the drilling phase is behind other phases. Once challenges have been removed, and as soon as two drilling rigs have been installed, the drilling and completion of wells would last two to two years and a half.