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November 22, 2021updated 27 Apr 2022 12:19pm

Abuzar Conventional Oil Field, Iran

By Carmen

Abuzar is a producing conventional oil field located in shallow water in Iran and is operated by Iranian Offshore Oil.

Field participation details

The field is owned by National Iranian Oil.


Production from Abuzar

The Abuzar conventional oil field recovered 69.85% of its total recoverable reserves, with peak production in 2007. The peak production was approximately 200.36 thousand bpd of crude oil and condensate. Based on economic assumptions, production will continue until the field reaches its economic limit in 2052. The field currently accounts for approximately 1% of the country’s daily output.


Remaining recoverable reserves

The field is expected to recover 504.33 Mmboe, comprised of 504.33 Mmbbl of crude oil & condensate. Abuzar conventional oil field reserves accounts 0.11% of total remaining reserves of producing conventional oil fields globally.


About Iranian Offshore Oil

Iranian Offshore Oil Co (IOOC), a subsidiary of National Iranian Oil Co, is an oil and gas exploration and production company. The company carries the activities of exploration, production and development of oil and gas fields. Its services include renovating and reconstructing the installations, improving the production methods and conservation of oil and gas reserves. IOOC also performs storage engineering, descriptive drilling and general engineering and construction activities. The company has operations across Bahregan, Kharg, Siri, Lavan, Qeshm, Kish in Iran. IOOC is headquartered in Tehran, Iran.

Methodology

Information on the field is sourced from GlobalData’s fields database that provides detailed information on all producing, announced and planned oil and gas fields globally. Not all companies mentioned in the article may be currently existing due to their merger or acquisition or business closure.

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