Gulf Oil and Gas accountACCOUNT

Iran Finds 2 bln Barrels Shale Oil Reserves in Western Province

Source: www.gulfoilandgas.com 2/28/2017, Location: Asia

Share |
Iran has discovered major reserves of shale oil in the western parts of the country with a top official saying that the reserves are the first that have a feasible potential for production.

"Based on studies, it is estimated that the shale oil reserves in Ghali Koh in Lorestan amount to 2 billion barrels of oil in place," Bahman Soleimani, NIOCs deputy director for exploration. "The oil is light", he added.

Soleimani said exploration was also being carried out for shale gas reserves in the area, and the studies were expected to be completed by October, 2017.

Irans proven oil reserves of about 160 billion barrels, almost 10 percent of the worlds total, rank it fourth among petroleum-rich countries.

Unconventional Resources News in Iran >>

Russia >>  4/27/2017 - Data from the Federal State Statistics Service showed that Russia’s GDP has returned to growth territory in 4Q16 after seven consecutive quarters of c...
China >>  4/23/2017 - China National Offshore Oil Company, or CNOOC, issued a tender offering domestic and foreign companies to bid for 10 coal bed methane blocks in the co...

Thailand >>  4/6/2017 - Total oil production of developing countries (DCs) is estimated to decline by 80 tb/d y-o-y to average 12.23 mb/d in 2016, revised down by 20 tb/d com...
Russia >>  12/8/2016 - Glencore notes the announcement released by the Russian government regarding the privatization of shares in Rosneft. ...

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

Related Articles: Coalbed Methane  General  Heavy Oil  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 |

More News

 

Oil & Gas Companies in Iran >>


Related Links

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