Pages2 - Jufeyr

Jufeyr

Project Name

Jufeyr Field Development Operations consists of Early Production, 1st Phase of Development and the 2nd Phase of Development.

Location

Jufeyr field is located in Khuzestan Province, south west of Iran with a distance of 50 km from Ahwaz city.

Scope of Work (Phase 1)

Early Production activities (part of Phase-1):

- 3D seismic interpretation.

- Reservoir study – modeling and updating.

- Drilling and completion of one (1) main Ilam producer well (new).

- Work over two (2) of the existing wells.

- Logging, coring, PVT sampling, well test, similar to activities which are mentioned in appraisal well program, should be carried out in the appraisal well (JR-4) drilling of which is in progress now. If any part of the above mentioned activities down to the base of Sarvak oil zone could not be achieved in the well JR-4, it would be implemented in the new producer well (item 3 above). The appraisal well will be completed as an oil producer.

- Construction of 40 KM pipelines (6" flowline & 10" pipeline), header and installation of metering system for fluid measurement to use as custody meter

Environmental Baseline Study (EBS) and Environmental Impact Assessment (EIA).
Reservoir study – models updating.
Drilling and completion of eight (8) oil producers (including Early Production wells).
Workover three (3) of 4 existing wells (including early production wells).
Facilities Front End Engineering and Design (FEED).
Construction and installation of oil flowlines, oil and associated gas and water processing facilities and utilities, oil transfer and water disposal pipelines.
Construction of buildings such as Tehran/Ahwaz offices, temporary and permanent camp, warehouse, workshop, security, transportation, medical and sport.
Studies related to Improved Oil Recovery/Enhanced Oil Recovery (IOR/EOR) application.

Scope of Work (Phase 2)

Environmental Baseline Study (EBS) and Environmental Impact Assessment (EIA).
Reservoir study – models updating.
Facilities Front End Engineering and Design (FEED).
Drilling and completion of five (5) oil producers.
Workover one (1) of 4 existing wells to water disposal.
Construction and installation of oil flowlines, oil and associated gas processing facilities, oil transfer line to Ahwaz Booster Station (ABS), local power plant and re-injection facilities of disposal water.
Construction of water supply and disposal water pipelines
Studies related to Improved Oil Recovery/Enhanced Oil Recovery (IOR/EOR) application.

Objectives (Stage 1)

To achieve an Early Production level of 6,000* STBO/day within 13 months from effective date.
To achieve 1st Production level of 15,000 STBO/day within 31 months from effective date.
Evaluate EOR/IOR and unproved area development options and proposes the optimum development plan.

Objectives (Stage 2)

To achieve 2nd Production level of 25,000 STBO/day within 63 months from effective date.
Evaluate IOR/EOR and unproved area development options and proposes the optimum development plan.

Contract Price and Duration

Early production activities duration is 13 months from effective date.
Phase-1 development duration is 31 months from effective date.
The buyback project contract price:

- Early Production Activities price is 72 MMUSD (lump sum).

- Phase-1 (capex) shall be specified after receiving bids.

- Phase-2 (capex) shall be specified after receiving bids.

Description of performed tasks:

Early Production Phase is being operated since August, 22, 2010 and First Phase preliminary studies are under progress now.

Developing dynamic and static model of reservoir
Completion of drilling activities related to work-over wells, a production and appraisal well
Completion of activities related to surface facilities
Completion of Topographical and Geo-technical field operations and carrying out First phase Front to End Engineering and Design
Provisioning part of phase one Front End Engineering Design document
Completion of commissioning and operational activities of Early Production Phase