Pazan is a conventional gas development located onshore Iran and is operated by Iranian Central Oil Fields. According to GlobalData, who tracks more than 34,000 active and developing oil and gas fields worldwide, Buy the profile here.
The project is currently in feasibility stage and is expected to start commercial production in 2027.
Field participation details
The field is owned by National Iranian Oil.
Production from Pazan
Production from the Pazan conventional gas development project is expected to begin in 2027 and is forecast to peak in 2033, to approximately 2,245 Mmcfd of natural gas. Based on economic assumptions, the production will continue until the field reaches its economic limit in 2098.
Remaining recoverable reserves
The field is expected to recover 1,706.20 Mmboe, comprised of 10,237.19 bcf of natural gas reserves.
About Iranian Central Oil Fields
Iranian Central Oil Fields Co (ICOFC), a subsidiary of Iran Ministry of Petroleum is an oil and gas company that explores and produces oil and gas resources. The company’s products include crude oil, gas, household gas, industrial gas and natural gas resources. It offers services such as health, safety, and environmental issues solutions, policy making, production and development, reservoir development, quality management services and production facilities operation services. ICOFC also operates and manages gas fields, oil fields, and reservoirs and produces oil and gas resources. The company produce and develops onshore fields in Illam, Boshehr, Charmahal-Bakhtiari, Northern Khorasan, Khozestan, Fars, Qom, Kermanshah, Kohgiloyeh-Boyerahmad, Lorestan and Hormozgan Provinces. It caters its products and services to oil and gas industry. ICOFC is headquartered in Tehran, Iran.
For more details on the Pazan Conventional Gas Field, buy the profile here.
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GlobalData, the leading provider of industry intelligence, provided the underlying research used to produce this article.
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.
