Iran Discovers 28Tcf of Gas Reserves at New Fields - Minister
TEHRAN (Dow Jones Newswires), July 5, 2010
Iran, the Organization of Petroleum Producing Countries' second largest oil exporter, has discovered two new natural gas fields, Oil Minister Masoud Mirkazemi announced Monday.
The combined gas reserves of the two fields amount to around 800 billion cubic meters (28 trillion cubic feet), he told reporters.
"Forouz gas field is located in the Persian Gulf near Kish island and has 700 billion cubic meters of gas reserves," Mirkazemi said, adding that when brought on stream the field could produce around 70 million cubic meters of gas daily.
He said the second field was found in the northeastern province of Khorasan Razavi and has 62.5 billion cubic meters of gas reserves.
It could produce four million cubic meters of gas daily, the minister added.
Iran has the world's second-largest reserves of natural gas after Russia.
The South Pars field in the Gulf has around 14 trillion cubic meters of gas, which represents about eight percent of world reserves.
Copyright (c) 2010 Dow Jones & Company, Inc.
- Falcon Oil Declares Commercial Flow Test Results for Shenandoah Well
- Macquarie Strategists Expect Brent Oil Price to Grind Higher
- Japan Failing to Meet Corporate Demand for Clean Power: Amazon
- Pennsylvania County Joins List of Local Govts Suing Big Oil over Climate
- UK Oil Regulator Publishes New Emissions Reduction Plan
- PetroChina Posts Higher Annual Profit on Higher Production
- US, SKorea Launch Task Force to Stop Illicit Refined Oil Flows into NKorea
- McDermott Settles Reficar Dispute
- Russian Navy Enters Warship-Crowded Red Sea Amid Houthi Attacks
- USA Commercial Crude Oil Inventories Increase
- New China Climate Chief Says Fossil Fuels Must Keep a Role
- Oil Demand Outpaces Expectations, Testing Calculus on Peak Crude
- House Passes Protecting American Energy Production Act
- TotalEnergies Restarts Production in Denmark's Biggest Gas Field
- Republican Lawmakers Say IEA Has Abandoned Energy Security Mission
- USA Oil and Gas Job Figures Jump
- Blockchain Demands Attention in Oil and Gas
- Houthis Warn Saudi Arabia of Retaliation If It Backs USA Attacks
- Macquarie Sees USA Oil Production Exiting 2024 at 14MM Barrels Per Day
- Summer Pump Prices Set to Hit $4 a Gallon Just as Americans Hit the Road
- New China Climate Chief Says Fossil Fuels Must Keep a Role
- Chinese Mega Company Makes Major Oilfield Discovery
- VIDEO: Missile Attack Kills Crew Transiting Gulf of Aden
- Norway Regulator Blasts Proposal to Halt New Oil and Gas Permits
- Chinese Mega Company Makes Another Major Oilfield Discovery
- What Is the Biggest Risk to Offshore Oil and Gas Personnel in 2024?
- Vessel Sinks in Red Sea After Missile Strike
- Exxon Rights in Stabroek Do Not Apply to Hess Merger with Chevron: Hess
- Equinor Makes Discovery in North Sea
- Analysts Reveal Latest Oil Price Outlook Following OPEC+ Cut Extension