SearchIran discovers huge gas field in Persian Gulf basin

Iran discovers huge gas field in Persian Gulf basin ... 25/05/2017 Economy

Keywords:#International_Energy_Agency, #Iran, #Iranian, #NIOC, #National_Iranian_Oil_Company, #News,, #Persian, #Persian_Gulf, #Press_TV, #Qatar, #South_Pars, #Xinhua

TEHRAN, May 24 (Xinhua) -- Iran has discovered a new gas field in the Persian Gulf basin to south of the country, Press TV reported on Wednesday quoting an Iranian energy official as saying.
The gas field, named Sepand, is close to the giant South Pars natural gas field which is shared with Qatar, the unnamed official with the National Iranian Oil Company (NIOC) said.
Sepand holds 1.5 trillion cubic feet of gas of which about 792 billion cubic feet is recoverable, the official added.
It is still unclear if Sepand was shared with Qatar, the official said, adding that it is independent from South Pars.
The South Pars/North Dome field is a natural gas condensate field located in the Persian Gulf. It is the world's largest gas field shared between Iran and Qatar.
According to the International Energy Agency, the field holds an estimated 1,800 trillion cubic feet (51 trillion cubic meters) of in-situ natural gas and some 50 billion barrels of natural gas condensate.
"One of the most important features of the new field (Sepand) is that it has a wide horizontal natural gas structure," the NIOC official said.
The drilling operation would soon start in the field, he added.

--- ---

Read more from Source »

Related articles based on keyword density
Iran Plans Higher Fees for Riskier Oil Fields in New Accords Iran Plan... 25/02/2014 Economy
By Golnar Motevalli and Anthony DiPaola Feb 24, 2014 Iran will offer foreign partners incentives to find and pump more crude and natural gas and will ...View Details»

First FPSO vessel arrives in Persian Gulf ... 12/02/2017 News
News ID: 3904124 - Sat 11 February 2017 - 16:27 Economy TEHRAN, Feb. 11 (MNA) – An official has reported on arrival of the first Floating Production,...View Details»

GLOBAL TOP 1000 WEBSITES 2016 – Ratak IT... 16/03/2017 News
Ratak introduces global Top Websites of 2016 Data for table Top201702 1,Abarkooh,Armenia,Bahram 2,Bahram 3,Britain,Caesar,Carus,...View Details»

Russian gas giant signs deal to tap into Iran's gas deposits ... 17/12/2017 Economy
Source: Xinhua| 2017-12-16 23:32:35|Editor: Mu Xuequan TEHRAN, Dec. 16 (Xinhua) -- Russia's major gas corporation Gazprom and the National Iranian Oil...View Details»

Iran reports 18% rise in condensate exports ... 03/09/2017 Import-Export
*** Iran has reported an increase of 18 percent in exports of condensate to global markets. Iran has reported an increase of 18 percent in exports of ...View Details»