Details of 50 oil and gas fields offered by Iran to foreigners

By Dalga Khatinoglu

Tehran on Saturday hosted 137 companies from 45 countries in a two-day conference, during which legal generalities of Iran's new model of oil and gas contracts were introduced. More details about the contracts will be unveiled in a conference which will be most likely held in London in February 2016.

The legal generalities of the contracts show that they will cover exploration, development, and production in many of the fields. Moreover, the parties will hold a stake in the output for more than two decades. The foreign partner's stake will be less than 50 percent.

However, it is unclear how the output percentage system will work in gas projects. Considering that Iran's gas contracts will be secured by the South Pars gas field, where the gas intended to be delivered to foreign companies will be sent to? Inside Iran, foreign companies are not possible to sell gas to consumers due to the subsidy reform plan, because gas price inside Iran is much less than its regional and global prices.

The contracts are not guaranteed by the Oil Ministry or the Central Bank of Iran. Each foreign company is obliged to incorporate an Iranian partner, so that operation will be alternatively changed between Iranian and foreign partners. Therefore, transfer of technology and knowledge by foreign company to its Iranian partner will be inevitable.

Also, the foreign company will be obliged to take protective production measures and increase oil recovery rate, which is normally about 20 percent.

The Iranian Oil Ministry will announce details about terms and conditions of each oil and gas field within related tenders for foreign companies. Technical and financial details of the projects are still unknown.

Hereunder are specifications of the oil and gas fields in brief, extracted from official statements and statistics:

Type

Field name

Priority

Reserves

Billion Barrels or bcm

Current production (Barrels per day or mcm/d)

Final production capacity

(barrels per day or mcm/d)

Oil

Azadegan South - Phase 1

Top

25.6

50,000

320,000

Oil

Yadavaran Phase 2

Top

34

50,000

300,000 (in total)

Oil

Azadegan North Phase 2

top

17

0

150,000

Oil

Reshadat

Top

4.6

12,000

65,000

Oil

Forouzan

Top

3.4

38,000

55,000

Oil

South Pars Oil Layer - Phase 1

top

7

0

35,000

Oil

Arvand Oil Field

Top

0.5

0

5,000

Oil

Dehloran Phase 2

Top

4

25,000

(total:180,000)

40,000

(Total:220,000)

Oil

West Paydar - Asmari

top

2

25,000

-

Oil

Aban - Phase 2

Top

3.15

5,000

10,000 (in total)

Oil

Sohrab

Top

0.3

0

30,000

Oil

Changuleh

Top

2.4

15,000

50,000

Oil

Esfandiyar - Phase 1

Top

0.53

-

-

Oil

Arash Oil Field

Top

0.45

-

-

Gas

Salman oil/gas fields - Phases 1 & 2

top

4 B b/d

147 bcm

47,000

8.5 mcm/d

70,000

19.6 mcm/d

Gas

Farzad A

Top

283

0

28

Gas

Farzad B

Top

12,500

0

52

Gas

Gas layer of Dalan Kangan in Reshadat

top

130

0

84

Gas

Gas layer of Dalan Kangan in Balal

Top

170

0

14

Gas

Arash gas field

Top

28

-

-

Oil

Mansouri Phase 2

Second

15

60,000

79,000

Oil

Band-e Karkheh

Second

4.5

-

-

Oil

Jofeir

Second

2.4

3,000

-

Oil

Soumar

Second

0.475

1,500

-

Oil

Danan Phase 2

Second

-

0

-

Oil

Dar Quein Phase 3

Second

1.3

160,000 (in total)

71,000

231,000 (in total)

Oil

Soosangerd

Second

8.8

0

30,000

Oil

Sepehr

Second

0.45

0

9,000

Oil

Cheshme-Khosh - Bangestan Layer

Second

-

-

-

Oil

Resalat

Second

10

35

Oil

Abouzar

Second

4

185,000

-

Oil

Dorood

Second

11

69,000

110,000

Oil

Norouz

Second

4

30,000

40,000

Oil

Zagheh Heavy Oil

Second

3

0

60,000

Gas

Day gas field

Second

-

0

56 mcm/d

27,000 barrels of gas condensate

Gas

Sefid Zakhur - Halegan

Second

351

0

Gas

Sefid Baghun

Second

170

0

Gas

Agar Phase 2

Second

0

Gas

Kish gas field - Phase

Second

1700

0

85 mcm/d

45,000 barrels of gas condensate

Gas

Kangan gas field

Second

820

58 mcm/d

18,240 barrels of gas condensate

-

Gas

Nar gas field

Second

368

32 mcm/d

4,443 barrels of gas condensate

-

Gas

Homa gas field

Second

190

-

-

Gas

Tang-e Bijar gas field - Phase 2

Second

231

7

20 (in total)

Gas

Bahregansar - Ghar gas layer

Second

-

-

-

Dalga Khatinoglu is an expert on Iran's energy sector, head of Trend Agency's Iran news service.

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