Tuesday, October 11, 2011

Iran Exploring New Oil and Gas Fields

The National Iranian Oil Company (NIOC) today announced the start of exploration of three new oil and gas fields. The new fields are the Khayyam gas field in Asalouyeh with in-place reserves of 227 billion cubic meters, Madar gas field, also in Asalouyeh, with in-place reserves of 495 cubic meters, and an unnamed oil field in the Iraqi border area where eight drilling rigs are already stationed.

SHANA, NIOC’s news website, reports that a budget of $350 million has been allocated for exploration of the new fields in the current Iranian fiscal year, ending in March 2012 [SHANA, 11 October].

1 comment:

Anonymous said...

This regime is exploiting our blood and giving it away to terrorists and Palestinians.