Official: Iran ranks first worldwide in exploring oil and gas fields
Azerbaijan, Baku, Mar. 2/ Trend F.Milad/
Iran has explored the highest number of oil and gas reserves in the world since 2,000, the National Iranian Oil Company's director for exploration Mahmoud Mohaddes said.
Mahmoud Mohaddes told Mehr news agency that in the current calendar year, which started on March 21, 2011, explorations have amounted to 5-6 times of the planned figure.
During the fourth five year development plan (2005-2010), 19 oilfields and 8 gas fields were explored in Iran. In the current calendar year, five new oil and gas fields have been explored, he added.
Iran has so far explored 6 new oil and gas fields in the current calendar year, to end March 19, so that it has outpaced objectives of the fifth five-year development plan (2011-2015), Mohaddes said on February 22.
The plan has envisaged adding 500 million barrels of oil and 4.5 trillion cubic feet of gas to the country's oil and gas recoverable reserves in the first year of the plan, but we have explored three times and five times of the amounts last year respectively, he added.
With around 900 billion cubic meters increase in the past two years, Iran in-situ natural gas reserves has surged to 34 trillion cubic meters, an official with Iran's Oil Ministry said in November 2011.
Mohsen Khojaste-Mehr told the Mehr news agency that the country's gas production by 250 million cubic meters per day to reach 1.4 billion cubic meters per day.
Oil minister Rostam Qasemi has announced that the country's recoverable oil reserves hit 154.8 billion barrels.
The Shana news agency quoted Qasemi as saying that the new explorations have increased the amount from the previous figure of 151 billion barrels.
Iran ranks second on the largest natural gas reserves after Russia in the world.