BAKU, Azerbaijan, Aug. 29
By Elnur Baghishov – Trend:
Research over the past two years shows that the value of oil reserves of the National Iranian South Oil Company (NISOC) has increased by $115 billion, the Managing Director of the NISOC, Ahmad Mohammadi said, Trend reports citing the company’s website.
As result of the research in the company's six fields or reservoirs (Ramshir Asmari, Kupal Asmari, Kupal Bangestan, Mansouri Bangestan, Nargesi Asmari, Jahrom and Qaleh-Nar Asmari) have revealed that there are 9 billion more barrels of crude oil than previously estimated, Mohammadi said.
The director added that this means that 1.65 billion barrels of crude oil will be added to the crude oil reserves that the NISOC can extract.
According to him, it is not possible to extract all of the crude oil available in the fields and reservoirs. However, it is possible to increase the extraction ratio with a number of technologies.
As reported, there are currently 74 oil and 22 gas fields in Iran. So, 37 oil fields are operating in the territory of the National Iranian South Oil Company (NISOC), 14 fields – Iranian Central Oil Fields Company (ICOFC), 5 fields – Arvandan Oil and Gas Company (AOGC), and 18 oil fields – Iranian Offshore Oil Company (IOOC).
In addition, 5 gas fields are operating in the territory of the NISOC, 13 fields – the ICOFC, 1 field – Pars Oil and Gas Company (POGC), and 3 gas fields – the IOOC.
Iran’s total hydrocarbon reserves are estimated at 836 billion barrels. With available technology and equipment, Iran can extract 239 billion barrels. Thus, 29 percent of the country's hydrocarbon reserves are recoverable, while 71 percent remain underground.
Follow the author on Twitter:@BaghishovElnur