National Iranian Drilling Company (NIDC), Puya Energy Kish, Naft Kar and Khatam al-Anbia Construction Headquarters are in charge of drilling.
Iraq is already recovering 200,000 b/d from South Yaran field which the two neighbors share.
Hazemeini, however, said production target of the field has been halved by Iran based on the latest studies.
Iran started production of crude oil from Yadavaran, North Azadegan and North Yaran oilfields in November.