The Yadavaran Field is an oil field in Khuzestan, Iran. Discovered by the NIOC, it is made up of two former fields, Koushk (discovered in 2000) and Hosseinieh (discovered in 2002). After researchers discovered that the two fields were actually connected, the field was renamed as the Yadavaran Field.
The field is estimated to have reserves of up to 17 billion barrels (2.7 km3) of oil, with 3 billion barrels (0.5 km3) considered to be recoverable. [1]
On October 29, 2004, Iran negotiated a $70 billion deal with Sinopec, giving the Chinese company a 51% stake in the field's development. As part of the deal, China agreed to buy 10 million metric tons of liquefied natural gas (LNG) from Iran per annum for 25 years. [2]
In December 2007, NIOC and Sinopec signed the final agreement for development of Yadavaran oil field. Based on the contract field will reach to the 180,000 bbl/d (29,000 m3/d) of production capacity. Sinopec will be operator with a 51% stake in the project and NIOC holding the remaining interest. Total project cost at around US$2 billion. [3] In a third phase the field is expected to reach 300,000 bbl/d (48,000 m3/d) of production capacity. [4]
The field will be developed under an enhanced Iranian buyback contract. The most significant revision in terms from earlier versions is that the partners will only agree the target capital cost of the development following receipt of construction tender submissions. This should reduce the contractors’ exposure to value erosion through cost inflation.
The oil field is currently at an early production of 16,000 bbl/d (2,500 m3/d) after 16 months development by the Chinese contractor. [5]
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Aghajari Gas Injection Project is the world’s biggest enhanced oil recovery) project to be inaugurated in Iran in late 2008.
The natural gas in Qatar covers a large portion of the world supply of natural gas. According to the Oil & Gas Journal, as of January 1, 2011, reserves of natural gas in Qatar were measured at approximately 896 trillion cubic feet ; this measurement means that the state contains 14% of all known natural-gas reserves, as the world's third-largest reserves, behind Russia and Iran. The majority of Qatar's natural gas is located in the massive offshore North Field, which spans an area roughly equivalent to Qatar itself. A part of the world's largest non-associated, natural-gas field, the North Field, is a geological extension of Iran's South Pars / North Dome Gas-Condensate field, which holds an additional 450 trillion cubic feet of recoverable natural-gas reserves.
This article describes the energy and electricity production, consumption and import in Egypt.
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Ahvaz Field is a super-giant oil field located in Ahvaz, Khuzestan, Iran. It was discovered in 1953, developed by Anglo-Persian Oil Company and began production in 1954. Ahvaz field is one of the richest oil fields in the world with an estimated proven reserves around 65.5 billion barrels, and production is centered on 750,000 barrels per day (119,000 m3/d). The field is owned by National Iranian Oil Company (NIOC) and operated by National Iranian South Oil Company (NISOC).
