59526
NIOC Reveals Oil,  Gas Discoveries
NIOC Reveals Oil,  Gas Discoveries

NIOC Reveals Oil, Gas Discoveries

NIOC Reveals Oil, Gas Discoveries

Iran has made inroads in its oil and gas exploration sector with discoveries of 13 oil and gas reservoirs over the past three years, says the head of exploration department at the National Iranian Oil Company.
“In-place oil and gas reserves in the newly discovered fields in the south are estimated to hold 6.5 billion barrels of crude oil and 1.7 trillion cubic meters of natural gas," Saleh Hendi was quoted as saying by Mehr News Agency on Monday.
Giving a breakdown, Hendi said out of the 13 latest discoveries, nine are gas fields.
Commenting on the discovery of a gas field in Fars Province, the official said the Pajan field contains an estimated 550 billion cubic meters of natural gas plus 312 million barrels of gas condensates.
According to Hendi, in-place gas reserves in Khar-Tang and Charak gas fields in Bushehr and Hormozgan provinces are estimated at 453 bcm and 481 bcm, respectively.
Pointing to Yadman Oilfield in Khuzestan Province, which holds some 2.8 billion barrels of crude, he noted that studies in the region have resulted in the discovery of Sepehr Oilfield with estimated in-place oil reserves of 2.2 billion barrels.
"Plans are underway to extend oil and gas development studies in the Sea of Oman over the next five years," said Bahman Soleimani, the deputy head of exploration department at NIOC, adding that Iran has so far not drilled in the Oman Sea. 
“The volume of oil and gas reserves in the Sea of Oman is yet to be estimated, but based on initial findings we predict significant energy reservoirs,” he said. 
To explore and extract the potentially massive hydrocarbon deposits in the sea, Iran needs advanced offshore drilling technology, officials say.

Short URL : https://goo.gl/novHzY
  1. https://goo.gl/zY6HcD
  • https://goo.gl/VLFWaQ
  • https://goo.gl/PLd62r
  • https://goo.gl/3sQC1z
  • https://goo.gl/KVhQhm

You can also read ...

Germany to Miss 2020 Climate Goals
While the newly-installed German government grapples with...
India to Revive Rupee Payment for Iran  Oil Imports
India is looking to revive a rupee trade mechanism to settle...
US, Russia Plan Energy Talks in Washington
US Energy Secretary Rick Perry will meet Russia’s oil minister...
Saudi Minister Says: Timing of Aramco IPO Not Critical
Saudi Oil Minister Khalid Al-Falih signaled the possibility...
OPEC Meets Russia, Allies to Clarify Production Hike
OPEC meets Russia and other allies on Saturday to clinch a new...
Almost 40% of Middle East’s gas consumption take place in Iran.
Iran is burning off record amounts of natural gas, which is...
1st Pars Oil Cargo Exported
National Iranian Oil Company shipped its first batch of crude...
Mokran Petrochem Complex Development Underway
In line with efforts to establish the largest petrochemical...

Add new comment

Read our comment policy before posting your viewpoints

Trending

Googleplus