Potential oil and gas field discovered in northeastern Iran

Iran oil flag

New"huge" oil and gas reserves have been discovered in northeastern Iran, according to Rostam Qasemi, the country's oil minister. Press TV reported that recent studies indicate reserves near the country's border with Turkmenistan and Iraq could contain a considerable body of gas. Further seismic studies and exploratory wells need to be completed in order to understand the potential of the possible field, Qasemi said.

Qasemi also said Tehran will hold talks with Iraqi officials to discuss the newly found shared oil and gas reserves, the article stated.

Mehdi Fakour, managing director for the Central Oilfields Company, said an exploratory study of the field will continue through September this year, Trend reported.

"Details of the discovery of new natural gas reserves in the region will be announced by the National Iranian Oil Company," Fakour said, according to the article.

Trend also reported that in the last year, Iran has discovered more than 2 billion barrels of in-situ crude oil reserves across the country.

More information on natural gas exploration in Iran can be found at PennEnergy's research area.

Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now


Maximizing Operational Excellence

In a recent survey conducted by PennEnergy Research, 70% of surveyed energy industry professional...

Leveraging the Power of Information in the Energy Industry

Information Governance is about more than compliance. It’s about using your information to drive ...

Reduce Engineering Project Complexity

Engineering document management presents unique and complex challenges. A solution based in Enter...

Revolutionizing Asset Management in the Electric Power Industry

With the arrival of the Industrial Internet of Things, data is growing and becoming more accessib...

Latest PennEnergy Jobs

PennEnergy Oil & Gas Jobs