BAKU, Azerbaijan, March 12. The possibility of a new gas reservoir in Iran has been strengthened with the results obtained from the new discovery well drilled in the Iran-Qatar joint South Pars gas field (called North Dome in Qatar), Iranian Deputy Oil Minister and the CEO of the National Iranian Oil Company (NIOC), Mohsen Khojasteh Mehr said,Trend reports citing Shana News Agency.
He made the remark at an event dedicated to the sale of certificates of deposit for crude oil and gas condensate at Iran Energy Exchange (IRENEX) in Tehran on March 12.
The deputy minister noted that after drilling some more wells, it will be possible to give information about the exact volume of the new reservoir.
Khojasteh Mehr also added that Iran is conducting discovery operations outside the South Pars gas field with the possibility of new reservoirs.
The South Pars gas field (called North Dome in Qatar) is a joint gas field of Iran and Qatar. The proven reserves of the South Pars Gas Field are estimated at 51 trillion cubic meters of gas, of which 36 trillion are extractable. Iran's share in the field is 14 trillion cubic meters of gas and 18 billion barrels of gas condensate.
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 1.2 trillion barrels. With available technology and equipment, Iran can extract 340 billion barrels. Thus, 30 percent of the country's hydrocarbon reserves are recoverable, while 70 percent remain underground.
---
Follow the author on Twitter:@BaghishovElnur