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November 25, 2021updated 26 Nov 2021 5:32am

Lab-e-Safid Conventional Oil Field, Iran

By Carmen

Lab-e-Safid is a producing conventional oil field located onshore Iran and is operated by Masjid-E-Soleyman Oil and Gas Producing.

Field participation details

The field is owned by National Iranian Oil.


Production from Lab-e-Safid

The Lab-e-Safid conventional oil field recovered 84.14% of its total recoverable reserves, with peak production in 2011. The peak production was approximately 40.37 thousand bpd of crude oil and condensate. Based on economic assumptions, production will continue until the field reaches its economic limit in 2058.


Remaining recoverable reserves

The field is expected to recover 91.22 Mmboe, comprised of 91.09 Mmbbl of crude oil & condensate and 0.8 bcf of natural gas reserves. Lab-e-Safid conventional oil field reserves accounts 0.02% of total remaining reserves of producing conventional oil fields globally.


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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