Iran discovers $85bn oil and gas reserves - Gulf Daily News

By
Viraj
on February 21, 2010 2:18 AM | | TrackBacks (0)
TEHRAN: A recently discovered gasfield in Iran has reserves of 12.4 trillion cubic feet, with an estimated 249 million barrels of condensate gas, an energy official said yesterday.

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Iran said it had discovered the Soumar oilfield and Halgan gasfield with total value of reserves at $85 billion. National Iranian Oil Company (NIOC) director of exploration Mahmoud Mohaddes said that around 70 per cent of the gas was recoverable and less than half of the condensate gas was recoverable.

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