Karun Oil and Gas Operating Company announced that it has achieved over 100% of its oil production commitments in the first half of the current year, and reported an increase in maintenance and major repair activities for its infrastructure. Hassan Shahrouyi, the CEO of the company, elaborated on the company's performance during a meeting to forecast oil well productivity and gas production and distribution.
Operational Performance and Major Repairs
In this meeting, Shahrouyi emphasized the efforts of the employees and the implementation of targeted operational programs, referring to the activities carried out in the first half of the year. During this period, 93 well repair operations were conducted with a mobile core drilling rig, 17 acidizing operations for wastewater injection wells, 35 perforation and logging operations, and 19 installations of wellhead facilities were completed. These actions indicate a growth of 15 to 40 percent compared to the same period last year.
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Repairs and Renovation of Infrastructure
The CEO of Karun Oil and Gas Operating Company also mentioned the major repairs of 5 gas stations and the completion of 49,000 square meters of thickness testing. Additionally, 1,200 meters of visual inspection, replacement of 6 kilometers of communication pipelines in operational and desalination units, and procurement and replacement of 650 valves were other significant actions in the area of repairs and maintenance of infrastructure. These actions have greatly contributed to maintaining production capacity and enhancing the productivity of the wells.
Shahrouyi also referred to the major repairs of 3 strategic tanks, one gravity separator tank, 4 surge tanks, and 6 electric desalters as other important actions, stating that these repairs were aimed at increasing the reliability of equipment and improving the quality of produced oil.
Development Programs and Future Outlook
Furthermore, Shahrouyi pointed out the company's development programs and stated that currently, 15 capital projects with an estimated budget of 2.5 trillion tomans are underway. Additionally, the approval of 9 other capital projects with an estimated budget of 14.8 trillion tomans is being pursued. These projects include the completion of 44 development and rehabilitation projects and the execution of 50 new projects with an estimated cost of over 900 billion tomans in the areas of production, safety, environment, and operational infrastructure.
He also emphasized that maintaining production capacity, accelerating major repairs, and enhancing well productivity will be the main priorities of the company in the second half of the year 1405.
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