Shorouk Express
BAKU, Azerbaijan, October 18. Oil and gas
exploration is currently underway near Azerbaijan’s border and in
Iran’s northwestern Ardabil province, Mohyeddin Jafari, Head of the
Exploration Department at the National Iranian Oil Company, told
local media, Trend
reports.
Jafari noted that both two-dimensional (2D) and
three-dimensional (3D) surveys are being conducted.
He pointed out that, given Azerbaijan’s existing oil production
and reservoirs, there is growing optimism about discovering new
fields in Ardabil.
The company rep added that exploration activities are ongoing in
26 Iranian provinces, including Khuzestan, Fars, Ardabil, North
Khorasan, South Khorasan, Razavi Khorasan, Kermanshah, Ilam, and
Bushehr.
Iran’s total hydrocarbon reserves are estimated at 1.2 trillion
barrels, of which around 340 billion barrels can be extracted with
current technology. The country is currently able to exploit
roughly 30% of its reserves, leaving 70% untapped underground.
