Abuzar

Location

The Abuzar Oil Field is located offshore in Iran, specifically in the Persian Gulf. The exact coordinates are 29.292, 49.532 (WGS 84).

Operator and Ownership

The field is operated by the Iranian Offshore Oil Company (IOOC), which is a subsidiary of the National Iranian Oil Company (NIOC). NIOC owns the field entirely.

Discovery and Production

The Abuzar Oil Field was discovered in 1961. While the exact year of production start is not specified, it is known to be an operating field since its discovery.

Production Details

• The field produces conventional oil and has been in production for several decades.
• As of 2020, the annual oil production from the Abuzar field was approximately 73 million barrels per year. In 2018, the production rates were around 63.88 million barrels per year and 80.3 million barrels per year in different reports, indicating some variability in production levels.
• The field has recovered about 62.39% of its total recoverable reserves as of the last available data. Peak production was achieved in 2007, and production is expected to continue until the field reaches its economic limit in 2056.

Reserves

• The original oil in place (OOIP) is estimated to be around 4,168 million barrels and 893 million barrels in different assessments, highlighting some discrepancies in reserve estimates.
• The estimated reserves are approximately 1,331.5 million barrels, with primary reserves of about 797.7 million barrels and recoverable reserves of 797.7 million barrels as of 2007.

Current Development

• Recent developments include the construction of new platforms. As of July 2023, decks for the new A20 and A21 platforms for the Abouzar oil fields were about 85% complete at the port of Khorramshahr in Khuzestan. The substructures for these platforms have already been installed at the offshore locations, and eight wells are being drilled with pre-commissioning of facilities expected to begin soon.

Field Participation and Activities

• IOOC, the operator, is responsible for the exploration, production, and development of the field. The company also engages in renovating and reconstructing installations, improving production methods, and conserving oil and gas reserves. Other activities include storage engineering, descriptive drilling, and general engineering and construction.

Contribution to National Output

• The Abuzar Oil Field currently accounts for approximately 2% of Iran’s daily oil output.

In summary, the Abuzar Oil Field is a significant offshore oil field in Iran, operated by IOOC and owned by NIOC, with ongoing production and development activities aimed at maximizing its reserves and contributing to Iran's overall oil production.