Gulf Oil and Gas accountACCOUNT

Iran Announces Discovery of New Shale Oil Reserves

Source: www.gulfoilandgas.com 5/6/2013, Location: Asia

Share |
New reserves of shale oil have been discovered in Iran’s western Lorestan province, Hormoz Qalavand the head of exploration at the National Iranian Oil Company (NIOC) announced.

However, there is no plan to conduct exploration operations in this regard.

According to public relations of Iranian Offshore Engineering and Construction Company quoted from the mehr, NIOC and Norway’s Statoil Hydro signed a deal, worth $50 million, in 2006 for conducting seismic operations.

Analyzing data from the operations shows that large amounts of shale oil exist in the region.

In April, Qalavand said that Iran plans to start looking for shale oil and gas this year near its border with Iraq.

Qalavand said that NIOC is focusing its exploration activities on border areas, adding that the country had found a total number of 15 new oil and gas layers last year.

Iran is already an oil and gas exporter but is struggling to sell as much as its vast conventional reserves should allow due to Western sanctions on its energy industry imposed over its disputed nuclear program.

Shale oil and gas projects are typically more expensive than conventional projects but can be attractive to countries that currently rely on imported fuels.

For more information about related Opportunities and Key Players visit Caspian Region Projects

Oil Shale News in Iran >>

China >>  5/31/2018 - TechnipFMC has been awarded a subsea contract by CNOOC Limited for the Liuhua 16-2, 20-2 and 21-2 Oilfield Joint Development Project in the South Chin...
Azerbaijan >>  5/30/2018 - On 30th of May State Oil Company of Azerbaijan Republic (SOCAR) and Statoil Azerbaijan, part of Norway’s Equinor group signed a Risk Service Agreement...

Vietnam >>  5/28/2018 - Jadestone Energy Inc. (JSE) (Jadestone) has received approval from Vietnam’s Ministry of Industry and Trade (MOIT) of its Outline Development Plans (O...

Related Categories: Coalbed Methane  General  Heavy Oil  Methane Clathrate  Oil Sands  Oil Shale  Shale Gas  Tight Gas  Tight Oil 

Related Articles: Coalbed Methane  General  Heavy Oil  Methane Clathrate  Oil Sands  Oil Shale  Shale Gas  Tight Gas  Tight Oil 


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 |

More News

 

Oil & Gas Companies in Iran >>


Related Links

Gulf Oil and Gas
Copyright © Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.