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News ID: 938
Iran » Iran
Publish Date: 12:56 - 28 April 2013
Tehran, YJC. Iran has a card in sleeve which is likely to change the future world gas market for decades.

Director of the Explorations of the National Oil Company said that Iran has recently explored a large gas field. "It is estimated that the field runs from Borazjan to the Minab Fauld and on to the Persian Gulf,” he stated.

Hormoz Qalavand said that the field was found by drilling a well for the first time in the hydrocarbon layer Zekin, the lower layer of the Paleozoic.

He stated that the API gravity of the oil drawn from the field is around 56, adding "Currently, further geological studies and drilling at least 9 other wells are planned by the Oil Company.”

Qalavand said that due to the isolation of the field, wells will be drilled in the area gradually.

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