Foroozan is a producing conventional oil field located in shallow water in Iran and is operated by Iranian Offshore Oil. According to GlobalData, who tracks more than 34,000 active and developing oil and gas fields worldwide, the field is located in block Foroozan. Buy the profile here.
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An expansion project is associated with the Foroozan, namely the Foroozan Development. This project is currently in the commissioning stage, expected to start in 2024.
Field participation details
The field is owned by National Iranian Oil.
Production from Foroozan
The Foroozan conventional oil field recovered 56.79% of its total recoverable reserves, with peak production in 1990. Based on economic assumptions, production will continue until the field reaches its economic limit in 2058. The field currently accounts for approximately 1% of the country’s daily output.
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Contractors involved in the Foroozan conventional oil field
Some of the key contractors involved in the Foroozan project as follows.
Main EPC: National Iranian Oil, Iranian Offshore Engineering and Construction and Iran Shipbuilding & Offshore Industries Complex
EPC Contractors: Tasdid Offshore Development
Other Contractors: Nardis, Rahbord Energy, Petroleum Software, AFTAB IMEN PARTO Consulting Engineering and Lule Gostar Esfarayen
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, and Kish in Iran. IOOC is headquartered in Tehran, Iran.
For more details on the Foroozan Conventional Oil Field, buy the profile here.
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This information is drawn from GlobalData’s Oil & Gas Intelligence Center, which provides detailed profiles of 34,000+ oil and gas fields, 400,000+ exploration blocks, 1,100+ LNG terminals, 3,400+ gas processing plants, 5,000+ storage terminals, and 8,000+ pipelines, 1,400+ refineries and 13,000+ petrochemical plants worldwide.
