Discovery
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Iran’s high potential for discovering new oil, gas reserves
SHANA (Tehran) – The former exploration director of the National Iranian Oil Company (NIOC) said the process of discovering oil and gas is becoming increasingly difficult, as large, low-risk reserves have already been identified, leaving current exploration operations with higher risks. However, Iran still holds significant potential for discovering new oil and gas resources.
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NIOC Discovers New Oil Reservoirs in Southwest Iran
TEHRAN (Shana) -- The director of exploration of the National Iranian Oil Company (NIOC) announced the discovery of new oil reservoirs in the southwest of Iran, and said: “There are 14 oil and gas exploration blocks in the country.”
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Iran Ranks 1st in World Oil and Gas Discovery in 2019
TEHRAN (Shana) -- The National Iranian Oil Company (NIOC) ranked first among the world's largest oil companies in terms of total oil and gas discovery in 2019, with the discovery of 4.973 billion barrels of equivalent hydrocarbon reserves.