May 24, 2013
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Description
Oil reserves in Iran, according to its government, rank third largest in the world at approximately 150 billion barrels as of 2007, although it ranks second if Canadian reserves of unconventional oil are excluded. This is roughly 10% of the world's total proven petroleum reserves. Iran is the world's fourth largest oil producer and is OPEC's second-largest producer after Saudi Arabia. As of 2009 it was producing an estimated 4.172 million barrels per day of crude oil. At 2006 rates of production, Iran's oil reserves would last 98 years if no new oil was found.
Iran has more than a century of history in exploration and production activities; the first successful exploration well was Masjid Suleiman-1 on May 26, 1908. Since then, based on the latest oil and gas reports, 145 hydrocarbon fields and 297 oil and gas reservoirs have been discovered in Iran, with many fields having multiple pay zones. A total of 102 fields are oil and the remaining 43 are gas, and there are 205 oil reservoirs and 92 natural gas reservoirs. According to Iran Energy Balance Sheet, 78 of these fields are currently active, with 62 onshore and 16 offshore, leaving 67 fields inactive at present. Some 23 hydrocarbon fields lie in border areas and are shared between Iran and adjacent countries, including Kuwait, Iraq, Qatar, Bahrain, UAE, Saudi Arabia and Turkmenistan .
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(via Freebase)
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![Khamenei says Iran's path is undeterred by new US sanctions [Al-Alam, Iran]](/images/image_cache/base-8131000/8131344/thumbnail.width=304,height=171,grow=1,crop=center.jpg?sig=3c30913077173e898f9335e1f2c358aa "Iran's Supreme Leader Ayatollah Ali Khamenei attends a meeting with Iranian nuclear scientists and managers in Tehran February 22, 2012: REUTERS/Khamenei.ir/Handout")
![Iran imposes oil 'counter-sanctions' on EU [Press TV, Iran]](/images/image_cache/base-2996000/2996631/thumbnail.width=304,height=171,grow=1,crop=center.jpg?sig=1e0d8ae0f088b7f1188b270855645d84)
![Khamenei says Iran will defend itself if attacked [Press TV, Iran]](/images/image_cache/base-2063000/2063053/thumbnail.width=304,height=171,grow=1,crop=center.jpg?sig=01935b24e24936b9a0372d32660158c3)
![Iran shrugs off latest US sanctions [BBC Arabic, UK]](/images/image_cache/base-516000/516171/thumbnail.width=304,height=171,grow=1,crop=center.jpg?sig=8c223eb470fa27eddd1805e763410c8e)
![Iran says EU sanctions 'won't make a difference' [IBA, Israel]](/images/image_cache/base-313000/313845/thumbnail.width=304,height=171,grow=1,crop=center.jpg?sig=8ba13a664a11e5a5a14bbeea70fe18b1)
![Iran nuclear scientist buried as Russia warns of sanctions [Press TV, Iran]](/images/image_cache/base-313000/313695/thumbnail.width=304,height=171,grow=1,crop=center.jpg?sig=ea2b29a8cb10c59aa1b8647e4ebf40c5)
![Iran plans more military exercises in Strait of Hormuz [IBA, Israel]](/images/image_cache/base-313000/313576/thumbnail.width=304,height=171,grow=1,crop=center.jpg?sig=1ff7d4374dc4627abb963e4ea0386ffa)