BAKU, Azerbaijan, January 27. The development of the Sumar, Saman, and Delavaran oil fields in Iran's Kermanshah province has begun, Trend reports via the National Iranian Oil Company (NIOC).
According to the company, in this regard, a ceremony attended by the Deputy Minister of Oil of Iran and the NIOC Executive Director Hamid Bovard, along with other officials, was held in the above province.
A total of $235 million will be spent on the development of these fields, with 10 new wells to be drilled and two wells to be repaired.
With the development of these fields, Iran is expected to generate $1.6 billion in revenue from the sale of crude oil extracted from these fields over the next 20 years.
The total crude oil reserves of the three fields amount to 410 million barrels. The development work is planned to be completed within 55 months.
Currently, Iran has 74 active oil fields and 22 gas fields. There are 37 oil fields operating under the Southern Oil Zones National Company of Iran, 14 under the Central Oil Zones Company of Iran, five under the Arvandan Oil and Gas Production Company, and 18 under the Offshore Oil Company. Additionally, there are five gas fields operating under the Southern Oil Zones National Company of Iran, 13 under the Central Oil Zones Company, one under the Pars Oil and Gas Company, and three under the Offshore Oil Company.
Iran's total hydrocarbon reserves are 1.2 trillion barrels. Iran can produce 340 billion barrels with existing technological equipment. Iran can use about 30 percent, and 70 percent remains unutilized underground.
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