Source: PressTV
The National Iranian
Oil Company (NIOC) has announced the discovery of a huge oil field with
considerable crude reserves in southern Iran.
NIOC's Director for Exploration Seyyed Mahmoud Mohaddes said
Saturday that an exploratory oil well has already been drilled in the
area.
"The newly-discovered oil field must be considered among the biggest fields ever discovered in Iran," he said.
The Iranian official also added that initial tests have indicated the high quality of the oil in the new field.
Mohaddes went on to say that the details about two or three more oil fields will be announced in the near future.
A total of 18 heavy and extra heavy oilfields have so far been
discovered in Iran, including Ferdowsi oil field in the Persian Gulf,
which is one of the country's biggest heavy oil fields with proven
reserves of more than 31 billion barrels.
Iran's total in-place oil reserves have been estimated at more than
560 billion barrels with about 140 billion barrels of extractable oil.
Moreover, heavy and extra heavy varieties of crude oil account for
roughly 70-100 billion barrels of the total reserves.
Iran is the second-largest oil producer after Saudi Arabia among the
members of the Organization of Petroleum Exporting Countries (OPEC).
