Iran has found a brand new big oilfield with 53 billion barrels of crude oil, in Khuzestan province, President Hassan Rouhani mentioned. The announcement would imply Iran’s confirmed crude oil reserves can be boosted by a 3rd, because the nation’s confirmed crude oil reserves are estimated to be about 150 billion barrels.
Back in October, the director of the National Iranian Oil Company (NIOC)’s discovery division introduced the invention of recent oil and gasoline fields within the nation.
Speaking stay on state tv from the central metropolis of Yazd, Rouhani mentioned the sector was situated within the nation’s southern Khuzestan province, residence to its essential oil trade.
Iran presently has the world’s fourth-largest confirmed deposits of crude oil and the world’s second-largest deposits of pure gasoline.
The new oil discipline may turn into Iran’s second-largest discipline after one containing 65 billion barrels in Ahvaz. With a typical restoration issue of 30% the sector may produce 16 billion barrels and may very well be a part of the world’s 10 largest oilfields.
The discipline is 2,400 sq. kilometres (925 sq. miles), with the deposit some 80 metres (260 ft), based on the Tasnim information company.
the Khuzestan isone of the 31 provinces of Iran. It is within the southwest of the nation, bordering Iraq and the Persian Gulf. Its capital is Ahvaz.
(Source: Al Jazeera/Tehran Times – Image: NIDC drilling crew in Khuzestan Province of Iran/Oil and Gas Middle East)

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