Wednesday, June 15, 2016

An Old Photo Of The First Oil Well In Iran

The Ahvaz oil field is an Iranian oil field located in Ahvaz, Khuzestan Province. It was discovered in 1953 and developed by National Iranian South Oil Company. It began production in 1954. Ahvaz field is one of the richest oil fields in the world with an estimated proven reserves are around 65.5 billion barrels (~8.94×109 t),and production is centered on 750,000 barrels per day (119,000 m3/d)Proved oil reserves in Iran, according to its government, rank fifth largest in the world at approximately 150 billion barrels (24×109 m3) as of 2014, although it ranks third if Canadian reserves of unconventional oil are excluded.[1] This is roughly 10% of the world's total proven petroleum reserves. At 2006 rates of production, Iran's oil reserves would last 98 years if no new oil was found. According to NIOC, Iran recoverable liquid hydrocarbon reserves at the end of 2006 was 138,4 billion barrels.[2] Apart from these considerable reserves, from the outset of oil industry in Iran in 1908 to the end of 2007, Iran produced some 61 billion barrels of oil. Wikipedia

-First oil well in Iran

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