Gulf Oil and Gas accountACCOUNT

A New Oil Discovery in Iran

Source: www.gulfoilandgas.com 7/4/2012, Location: Asia

Share |
Iran’s recoverable oil reserves rose by approximately 6 billion barrels following discovery of a new oil field in west of the country.

Iranian minister of petroleum, Rostam Qasemi, announced this in an interview with Shana adding newly discovered oil field is located near Yadavaran oil field 70 kilometers southeast of Ahwas city near the border area.

Iranian minister of petroleum announced November last year that the country’s recoverable oil reserves had risen from 151 billion barrels to 154.8 billion barrels adding there are plenty of unexplored hydrocarbon reserves in the country. Qasemi said the volume of newly discovered oil field’s reserves were more than earlier forecasts.

Referring to development plan of Yadavaran oil field the minister noted that Yadavaran oil field would be developed in three phases.

He also reported of starting early production from Yadavaran oil field at 20 thousand barrels per day adding by completion of first and second phase of the field, oil extraction from Yadavaran oil field will reach 200 thousand barrels per day.

Development plan of Yadavaran oil field aims at rising oil production to 85 thousand, 200 thousand and 300 thousand barrels per day in first, second and third phase of the plan respectively.

In situ oil reserves of Yadavaran oil field is estimated at 12 billion barrels plus 12.5 trillion cubic feet of associated gas and 1.9 billion barrels of gas condensate.

Exploration News in Iran >>

Ghana >>  10/19/2018 - Exxon Mobil Corp. is targeting western and southern Africa for the world’s next big oil bonanza as the explorer scours the globe to repeat its success...
Morocco >>  10/18/2018 - Meet the Developers and Investors driving growth in the Gas to Power sectors across North & West Africa. ...

Egypt >>  10/16/2018 - President Abdel Fattah El Sisi has signed law no. 155 of 2018 licensing the minister of petroleum and mineral wealth to sign an agreement with the Egy...
Ghana >>  10/16/2018 - President Akufo-Addo has launched Ghana’s first Oil and Gas Licensing Round at a ceremony in Accra attended by stakeholders in the Energy Industry. Th...

Russia >>  10/10/2018 - NOVATEK has announced that its wholly owned subsidiary Arctic LNG 3has completed the testing of the first exploration well at the North-Obskiy license...
Colombia >>  10/9/2018 - Frontera Energy Corporation announced a light oil discovery from its Acorazado-1 exploration well on the 100% owned and operated Llanos-25 block in Co...

Related Categories: Camp Building  Cleaning Equipment, Services  Communication  Corrosion Products/Services  Development  Exploration  Food Supplies  General  Labor Services  Land & Leasing  Mine Clearance  Oil & Gas Companies  Production  Service Companies  Skilled Labors  Transportation, 4X4 Trucks  Unskilled Labors  Utility Systems  Waste Disposal  Water Supply Services  Welding Products/Services 

Related Articles: Camp Building  Cleaning Equipment, Services  Communication  Corrosion Products/Services  Development  Exploration  General  Labor Services  Land & Leasing  Mine Clearance  Oil & Gas Companies  Production  Service Companies  Transportation, 4X4 Trucks  Utility Systems  Water Supply Services  Welding Products/Services 


Iran Oil & Gas 1 >>  2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | 16 | 17 | 18 | 19 | 20 | 21 | 22 | 23 | 24 | 25 |

More News

 

Oil & Gas Companies in Iran >>


Related Links

AZ BD BN CN GE HK ID IN IR JP KR KZ MM MN MY PG PH PK RU SG TH TJ TM TW UA UZ VN
Gulf Oil and Gas
Copyright © Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.