The estimated in-place reserves for these blocks total 193.8 billion barrels of oil and more than 783 trillion cubic feet of gas.
A series of investment opportunities have been identified, including 23 exploration blocks in different regions of the country, preparing for domestic and foreign investors. These blocks are located in areas that include the Caspian Sea, other offshore zones and land-based sites, and aim to discover new oil and gas reserves.
The total area of these exploration blocks spans approximately 108,000 square kilometres, with reserves within the estimated estimated 19.3875 billion barrels of oil and 783 trillion cubic feet of gas. These resources could play a key role in expanding Iran’s production capacity and enhancing energy security.
Of the blocks, five are located in the oil region of Caspia, covering an area of approximately 11,625 square kilometers. The reserves at their location are estimated to be 191.8 billion barrels of oil and 738 trillion cubic feet of gas.
Under the direct supervision of the NIOC Exploration Bureau, the remaining 18 blocks are located in different parts of the country. These blocks cover more than 96,290 square kilometres and hold reserves within an estimated 2075 million barrels of oil and 45 trillion cubic feet of gas.
The introduction of these exploration blocks and promotion of investment opportunities reflect the NIOC’s strategic policies to sustainably develop Iran’s hydrocarbon resources, optimize geological possibilities, and strengthen the country’s role in the global energy market.
At the “Transforming Oil and Gas Investment Development in Upstream Iran” event, NIOC presents more than 200 opportunities to large, medium and small investors under a variety of contractual frameworks.
MNA/shana.ir