Offshore Construction: News for Oil & Gas and Hydrocarbon Industries  Membership Services »
Gulf Oil and Gas grow your business
Home News Events Projects Tenders Unconventionals Community | My Account
Products and vendors Services and providers Jobs

Iran Discovers Onshore Oil Field

Source: www.gulfoilandgas.com 1/18/2007, Location: Asia

Share |

Iran has discovered a new onshore oil field with an estimated in-place reserve of 2 billion barrels, state-run television reported Thursday. The report quoted Hassan Behbahani, an official of the National Iranian Southern Oil Fields Co., as saying the discovery was made at the Bangestan layer of the Ab-Teymour oil field, in the oil-rich province of Khuzestan.

The National Iranian Southern Oil Fields Co. is affiliated to the National Iranian Oil Co.

The newly-discovered oil is in a layer around 40 square kilometers wide, based on the initial information obtained, Behbahani said.

The Oil Ministry's information network said "the petro-physical characteristics of the reservoir in the new structure compared with similar information pertaining to the principal structure indicate a better quality."

He said with the discovery of the new reservoir, zoning in the oil field will have to be altered.

Iran, the second largest producer in the Organization of the Petroleum Exporting Countries and the fourth largest in the world, possesses 12% of the world's crude, with 130 billion barrels of recoverable oil.

Offshore Construction News in Iran >>

India Economy in February 2015
India >>  3/1/2015 - The change in economic growth in 2014 picked up, accelerating to 5% on an expenditure basis from 4.7% in 2013. In the first three quarters of 2014, y-...
Russia Economy in February 2015
Russia >>  2/26/2015 - The government announced a plan to spend about one trillion rubles to recapitalize banks through the issue of government bonds. The plan also includes...

India Oil Trade in February 2015
India >>  2/21/2015 - In December, India’s crude imports increased by 237 tb/d or 6% from the previous month to average 3.9 mb/d, reflecting an annual gain of 227 tb/d or 6...
China Oil Demand in February 2015
China >>  2/19/2015 - In December 2014, Chinese oil demand continued its high pace of growth, increasing by 0.66 mb/d or more than 5% y-o-y. 2014 average growth for China s...

Japan Economy in February 2015
Japan >>  2/17/2015 - While the government, together with the Bank of Japan (BoJ), continues with its stimulus programme after December's snap elections, the latest output ...
Caspian Oil Supply in February 2015
Kazakhstan >>  2/17/2015 - Kazakhstan’s oil production is seen to remain unchanged at 1.62 mb/d in spite of an upward revision by 21 tb/d in 4Q14 on the back of strong output in...



Related Categories: Diving Contractors  Dredging  FPSO Vessels and Equipment  General  Marine Services  Mooring Systems  Offshore Platforms  Subsea Production 

Related Articles: Diving Contractors  Dredging  FPSO Vessels and Equipment  General  Marine Services  Mooring Systems  Offshore Platforms  Subsea Production 


Iran Oil & Gas 1 >>  2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 |

More News

Oil & Gas Projects in Iran >>

Oil & Gas Companies in Iran >>

Related Links

Countries Quick Links

AZ BD BN CN GE ID IN IR JP KR KZ MM MN MY PG PH PK RU SG TH TJ TM TW UA UZ VN
Gulf Oil and Gas B2B marketplace:   About -  Advertising -  Competitive Intelligence -  Talent Solutions -  Membership Services Follow us on Facebook
Copyright © Universal Solutions All rights reserved. Privacy Policy. - Contact Us  Gulfoilandgas rss feed