New oil field discovered in Iranian waters

Published November 20th, 2000 - 02:00 GMT

Iran has discovered a new oil field off its Gulf coast which preliminary reports suggest could produce 3,000 barrels per day, Iranian newspapers reported Sunday. 


Studies are underway to determine the pressure, volume and temperature of the Darian field, which is located near the giant South Pars gas field, they added. 


Iran announced August 20 that it had discovered two large oil and gas fields in the south of the country. 


Iranian officials said at the time that the Zireh gas site near Kangan in southern Iran held estimated reserves of 23 billion cubic metres (805 billion cubic feet). 


The Changuleh oil site, also in the south of the country, was expected to contain more than one billion barrels.  


Iran has the second largest gas reserves in the world after Russia, estimated at 20 trillion cubic metres (700 trillion cubic feet). 


The country also is the second biggest oil producer in the Organization of Petroleum Exporting Countries, with an output of 3.7 million barrels a day, of which 2.4 million is exported. –AFP. 

©--Agence France Presse. 


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