Iran Opens Oil and Gas Fields for Foreign Investment

Iran has introduced several oil and gas fields in central and southern parts of the country to foreign investors.

Iran Central Oilfields Company has introduced 9 oilfields and 5 gas fields, according to Saleh Hendi, director for planning, as told to Shana news agency on November 29.

Aban, Paydar, Paydar Gharb, Danan, Cheshmeh Khosh, Dalpari, Sumar, Naftshahr, and Dehloran are the oilfields, he said, adding that Sefid Zakhor, Dey, Aghar, Sefid Baghoon, and Halgan are the gas fields.

The 9 oilfields are currently producing 100,000 barrels per day, but their output can be increased by 170,000-200,000 bpd, he noted.

The 5 gas fields are projected to yield 2 billion cubic feet of gas and 27,000 barrels of gas condensates per day.

Meanwhile, National Iranian South Oil Company has introduced 3 oilfields and 9 gas fields for foreign investment.

Bangestan Ahvaz, Bangestan Mansouri, and Bangestan Abteymur are the 3 oilfields, Hamid Daris director for technical affairs at the company told Shana news agency.

Bangestan Ahvaz holds 37 billion barrels of in-situ oil, of which 4 billion barrels are recoverable, he said, adding that the field is currently producing 180,000 barrels of oil.

Bangestan Mansouri and Abteymur fields, each hold 15 billion barrels of in-situ oil and is currently producing 60,000 barrels of oil. 

Meanwhile, Bangestan Karoun, Bibihakimeh, Koranj, Koohasmari, Qalehnar, Ahvaz Khami, Paznan Khami, Binak Khami, and Sourmeh are the 9 gas field, which hold a total of 13 trillion cubic feet of gas totally, excluding Bangestan Karoun field.