Iran discovers new oil field adding 2.2 Gbl of recoverable reserves

14 Nov 2019

The Ministry of Energy of Iran has announced the discovery of an oil field in the southwestern province of Khuzestan. The Naamavaran field is estimated to hold up to 22.2 Gbl of crude oil reserves but only a tenth (2.2 bbl) would be recoverable because of technological constraints. In October 2019, the National Iranian Oil Company (NIOC) had announced that it had discovered a large gas field in the southern province of Fars (Iran). The field, named Eram, would have 19 Tcf (538 bcm) of gas reserves in place, of which 13 tcf (368 bcm) would be recoverable, along with up to 385 mbl of condensate

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