Iran says reserves discovered in Sea of Oman with 200 tcf of gas
A senior official from Iran’s state oil company, NIOC, said the gas field discovered in the Sea of Oman has an estimated 200 trillion cubic feet (5.66 trillion cubic meters) of natural gas.
NIOC’s head of exploration operations Mehdi Fakour said that the company will release final estimates about the newly-discovered gas field in the Sea of Oman in April, Press TV reported.
“Currently, a ship is collecting data in the region and we will be able to declare how much the amount of reserves could increase after initial information and studies are completed in April,” Fakour was quoted as saying by ILNA.
Iran currently sits on the second largest gas reserves in the world. The country is also the third largest global producer of natural gas, after the United States and Russia, with some one billion cubic meters of output per day.
Fakour said the National Iranian Oil Company will spend some $1.5 billion on exploration activities in offshore and onshore regions in the next seven years.
He said the company has also discovered a valuable shale oil reserve in western Loresatn Province which, he said, has a very light grade of crude oil.