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TradeArabia.com: Iran announces natural gas find

Iran has discovered in-place reserves of 11.4 trillion cubic feet of sweet gas in a southern field, a senior official was quoted as saying.

Mahmoud Mohaddes, head of exploration of the National Iranian Oil Company, said the Sefid Zakhour field in Fars province would have a daily production capacity of more than 1.15 billion cubic feet once it had been developed, state television said.

He predicted 17 wells would be needed for the field, the report said. Recoverable reserves are lower than in-place estimates.

Iran has the world’s second-largest gas reserves after Russia. Sanctions, politics and construction delays have slowed its gas development, and analysts say Iran is unlikely to become a major exporter for a decade. Reuters
 
http://www.tradearabia.com/NEWS/newsdetails.asp?Sn=OGN&artid=131119

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