Iran Shops Oil and Gas Fields to Foreign Investors

Iran has introduced several oil and gas fields in central and southern parts of the country to foreign investors, two senior company officials have said.

Saleh Hendi, director for planning at the Iranian Central Oilfields Company, told Shana News Agency on November 29 that the company has opened up nine oilfields and five gas fields for foreign investment.

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

The five 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 three oilfields and nine gas fields for foreign investment.

Bangestan Ahvaz, Bangestan Mansouri, and Bangestan Abteymur are the three 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.

The 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 nine gas field, which hold a total of 13 trillion cubic feet of gas totally, excluding the Bangestan Karoun field.