New Discoveries Put Iran In-Situ Oil Reserves up 15 Billion Barrels

core February 6, 2017 Oil Leave a comment 4 Views

New discoveries have placed Iran`s total in-situ oil reserves at least 15 billion barrels higher than previous estimates. said Managing Director of the National Iranian Oil Company (NIOC) Ali Kardor.
Iran is estimated to be stilling atop 711.53 billion barrels of in-place oil reserves of which 102.33 billion barrels are recoverable.
So far the country has recovered nearly 72.95 billion barrels from its reserves. 
Iran`s operational oil fields are being operated with an overage recover rate of 24.65%.
Kardor said that new discoveries have also added 66 trillion cubic feet to Iran`s natural gas reserves of which 33 tcf are recoverable. 
 

Tags

About core

Check Also

Russia’s Crude is Trading at $15 above the Price Cap

Leave a Reply

Your email address will not be published. Required fields are marked *

Design & Developed by: Arya Media Group
© 2020 | All Rights Reserved by ARYA MEDIA GROUP.