BAKU, Azerbaijan, April 23. An investment of approximately $41 billion is needed to develop 49 gas fields in Iran, Reza Aghebati, the official of engineering and development at the National Iranian Oil Company (NIOC), said at the "Investment and Development in Iran's Oil and Gas Sector" Forum, held in Tehran on April 22, Trend reports.
He said that in case of investing the above amount within the framework of 35 projects, Iran's gas production potential will be added by 500 million cubic meters per day.
Aghebati mentioned that 35 onshore and 14 offshore gas fields, the development of which requires investments of over $13 billion and $27 billion, respectively, have been identified.
"The investment packages are divided into two main groups. Some of these fields are in the territory of the National Company for the Southern Oil Zones and are high-pressure and high-yield fields. The rest of the gas fields are in the territory of the Central Oil Zones Company and are mainly located in onshore areas," he added.
A total of 74 oil fields and 22 gas fields are currently operating in Iran. There are 37 oil fields in the territory of the National Company of Iran's Southern Oil Zones, 14 in the territory of the Iranian Central Oil Zones Company, five in the territory of the Arvandan Oil and Gas Production Company, and 18 in the territory of the Offshore Oil Company. Additionally, the South Oil Zones National Company of Iran operates five gas fields, the Central Oil Zones Company operates 13, the Pars Oil and Gas Company operates one, and the Offshore Oil Company operates three.
Iran's total hydrocarbon reserves are 1.2 trillion barrels. Iran can produce 340 billion barrels of this gas with existing technological equipment. Iran can use about 30 percent, while 70 percent remains unused underground.
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