Iran may discover new oil field till end of Iranian year
BAKU, Azerbaijan, Dec. 1
By Elnur Baghishov - Trend:
A new big oil field is planned to be discovered in Iran’s southwestern Khuzestan province from March 21, 2019 through March 21, 2020, Saleh Hendi, head of exploration department at the National Iranian Oil Company, said.
“In accordance with the calculations of the National Iranian Oil Company, the field is similar to the Namavaran field and the oil layers of this field have not been discovered so far,” Hendi added, Trend reports referring to Tasnim news agency.
"The discovery of a 22 billion barrel oil field in Khuzestan province was announced last month," the head of the department said.
Hendi said that the new oil layer is likely to be on the Ab-Teymur-Sepehr field.
“The exploration operations are underway in the Persian Gulf, but of course, no big field is expected to be discovered in the Persian Gulf,” the head of the department added.
Hendi added that the National Iranian Oil Company's exploration department did not conduct any operations in the Caspian Sea.
Iranian President Hassan Rouhani announced about the discovery of a new oil field in Khuzestan province on Nov. 10. Iranian Oil Minister Bijan Zangeneh said that the oil field’s reserves reach 22 billion barrels and about 2.2 billion barrels (10 percent) may be extracted.
Zangeneh said that Iran may obtain the revenues worth around $32 billion from this field in accordance with the current oil prices.
The Iranian minister said that along with the previously discovered 31.3 billion barrels of oil, the reserves reach 53.3 billion barrels of oil at Namavaran field.