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November 22, 2021updated 27 Apr 2022 11:49am

Gachsaran Conventional Oil Field, Iran

By Carmen

Gachsaran is a producing conventional oil field located onshore Iran and is operated by Gachsaran Oil and Gas Producing.

An expansion project is associated with the Gachsaran, namely Gachsaran Development . This project is currently in the commissioning stage.

Field participation details

The field is owned by National Iranian Oil.


Production from Gachsaran

The Gachsaran conventional oil field recovered 95.05% of its total recoverable reserves, with peak production in 1976. The peak production was approximately 1,050.4 thousand bpd of crude oil and condensate and 226 Mmcfd of natural gas. Based on economic assumptions, production will continue until the field reaches its economic limit in 2032. The field currently accounts for approximately 5% of the country’s daily output.


Remaining recoverable reserves

The field is expected to recover 940.6 Mmboe, comprised of 566.72 Mmbbl of crude oil & condensate and 2,243.26 bcf of natural gas reserves. Gachsaran conventional oil field reserves accounts 0.20% of total remaining reserves of producing conventional oil fields globally.


Contractors involved in the Gachsaran conventional oil field

The key contractors involved in the Gachsaran project as follows.

Other Contractors: MAPNA Group

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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