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 >>

Equatorial Guinea >>  12/11/2017 - ExxonMobil has struck oil with its Avestruz-1 well in Block EG-06, announced the Ministry of Mines and Hydrocarbons of Equatorial Guinea. The well was...
Morocco >>  12/11/2017 - SDX Energy Inc, the North Africa focused oil and gas company, is pleased to announce that a gas discovery has been made at its KSR-16 development well...

China >>  12/10/2017 - China's CNOOC Limited has announced that the Company has recently made a mid-sized natural gas field discovery Bozhong 19-6 in Bohai Bay. Bozhong 19-6...
China >>  12/8/2017 - PetroChina has conducted its first major internal transfer of mining rights between subsidiaries to allow those with mature fields to look for oil and...

Mexico >>  12/8/2017 - Mexico’s oil regulator on Thursday canceled a tender for a joint venture with state oil firm Pemex in the deep water Maximino-Nobilis area, as no comp...
Norway >>  12/8/2017 - Faroe Petroleum, the independent oil and gas company focusing principally on exploration, appraisal and production opportunities in Norway, the UK and...

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 |

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. - Privacy Policy.