Iran's Oil Reserves

From Wikipedia, the free encyclopedia

Iran's oil reserves

Iran holds one the world’s biggest discovered and undiscovered oil reserves.

According to NIOC, Iran recoverable liquid hydrocarbon reserves at the end of 2006 was 138,4 billion barrels.[1]

Apart from these considerable reserves, from the outset of oil industry in Iran in 1908 to the end of 2007, Iran produced some 61 billion barrels of oil.[2]

Iran oil reserves at the beginning of 2001 was reported to be about 99 billion barrels, however in 2002 the result of NICO’s study showed huge reserves upgrade adding about 31,7 billion barrels of recoverable reserves to the Iranian oil reserves.

The 2002 NIOC reserve revision has came from following sources;[3]

• Revision of oil-in-place volume which added 14,3 billion barrels of oil to Iran’s Oil in place reserves.

• Revision of the field’s recovery factors which increased average recovery factor of the revised oil fields from 29% to 36%.

• South Pars gas field Liquefied petroleum gas reserves (C3 and C4) about 3,2 billion recoverable barrels.

• New discoveries about 700 million recoverable barrels.

After 2003 Iran has made some significant discoveries which lead to addition of another 7.7 billion barbells of oil to the recoverable reserves of Iran.[4]

[edit] See also

[edit] References and footnotes

  1. ^ OPEC Annual Statistical Bulletin 2006 [1]
  2. ^ OPEC Annual Statistical Bulletin 2006 [2]
  3. ^ The 8th IIES International Conference “Energy Security and New Challenges”, held in 29-30 November 2003, IRIB Conference Center, Tehran, Iran [3]

[edit] Other Sources