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Iran lifts lid on new gas field



By Upstream staff 

Photo by Roozbeh Feiz / http://www.flickr.com/photos/rfeiz


Iran has hit gas near the producing Masjed-e Suleiman field, in Khuzestan, in the south-west of the country, with National Iranian Oil Company (NIOC) boss Mahmoud Mohaddes saying the new field has estimated reserves of about 985 billion cubic feet.

Mohaddes said the new field's recoverable reserves stood at 739 Bcf.

"We need to (drill) three wells for its development for a daily production of 150 million cubic feet," Reuters quoted the NIOC boss telling an energy conference in Tehran.

Mohaddes said gas from the new field had been earmarked for use at a petrochemical unit.

he did not give the field's name.


17 April 2008 09:26 GMT  | last updated: 17 April 2008 09:26 GMT

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