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Iran plans to discover unconventional hydrocarbon reserves in Sea of Oman

Business Materials 21 September 2015 15:08 (UTC +04:00)

Baku, Azerbaijan, Sept. 21

By Fatih Karimov - Trend: Iran has implemented a project to discover unconventional hydrocarbon reserves in Sea of Oman.

Mohammad Reza Kamali, head of the Upstream Unit of the Iranian Oil Industry's Research Center, said that 3D seismic studies were carried out over 183,000 square kilometers of area, including fields in the Sea of Oman and the Persian Gulf, Iran 's ISNA news agency reported Sept. 21.

The Oil Ministry has tasked seven universities and two research centers with developing technologies to increase production from some certain fields, Kamali said.

Unconventional hydrocarbons are sources of oil and gas that require methods for extraction that are not normally necessary in the conventional extraction of hydrocarbons.

Sources of unconventional oil and gas include: Shale gas, shale oil, tight sands, clathrates (gas hydrates),and coal bed methane (CBM).

Iran holds the world's fourth-largest proven crude oil reserves and the second-largest natural gas reserves.

Iran's total in-place oil reserves have been estimated at more than 560 billion barrels, with about 140 billion barrels of recoverable oil.

Heavy and extra-heavy varieties of crude oil account for roughly 70-100 billion barrels of the total reserves.

Edited by CN

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